BlackRock's Institutional Clients Moving to Private Capital
- This shift is ‘profound,’ says BlackRock’s Mark Wiseman
- Firm ramping up investments in big data to analyze companies
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Almost half of BlackRock Inc.’s institutional clients plan to increase their allocation to private asset classes, said Mark Wiseman, the firm’s global head of active equities.
“This is profound,” Wiseman said Thursday at the C4K Investors Conference in Toronto. “We’ve never seen numbers like this before.” Wiseman said the firm conducted a survey of such clients, who represented $9 trillion in assets.