BLK Jun 2024 1040.000 call
- Reuters
BlackRock directors keep seats at six funds in proxy battle with Saba
BlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace directors or fire the fund manager, according to data released by BlackRock on Tuesday. "Based on the preliminary results from last week's shareholder meetings, it is clear that shareholders have rejected both Saba's nominees and its efforts to displace BlackRock as investment advisor to the Funds," BlackRock said in a statement. Saba, run by prominent investor Boaz Weinstein, and BlackRock, the world's biggest asset management company with more than $10 trillion in assets under management, have been locked in battle for months over the future of 10 BlackRock closed end funds.
- Investing.com
Tech boom: BlackRock doubles down on AI and U.S. tech companies
Investing.com - "We believe that the strong gains in tech stocks have been driven by the market's focus on Artificial Intelligence (AI) and investors' preference for quality given the high macroeconomic and market uncertainty."
- Business Wire
Neustark Secures $69 Million in Funding to Expand Carbon Removal Solution Globally
BERN, Switzerland, June 25, 2024--Neustark, a Switzerland-based carbon removal provider, has raised $69 million in a funding round to underpin its rapid scale-up in the carbon dioxide removal (CDR) market. The growth equity round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, and will reinforce neustark’s continued growth path and support their mission to permanently remove 1 million tons of CO2 in the year 2030.2
