Business · Companies · 3 hrs ago

Schwarzman says BlackRock's name resembles his firm's

Schwarzman says BlackRock's name resembles his firm's

Stephen Schwarzman says another asset manager's name resembles his firm's.

He identifies that company as BlackRock, which he says is the world's largest asset manager.

He also says BlackRock is the largest asset manager in the United States.

The excerpt does not name Schwarzman's firm or explain the resemblance further.

The comparison matters because BlackRock is a major company in the asset-management industry.

No next step or further action is stated.

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Stephen SchwarzmanFinance figure
There is, as almost everyone in finance knows, another asset-management firm whose name bears a striking resemblance to ours.
via Nikkei Asia