BlackRock, the world’s largest asset manager, issued a strong rebuke against what it calls the “politicization of public pension funds” in a letter published on August 27. The statement, sent to state and local financial officers across the United States, asserts the firm’s foundational principle of fiduciary duty and its
BlackRock and other asset managers push back on politicization of pension funds
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The growing friction has led to many asset managers taking a more cautious approach with their public messaging.