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BlackRock, Inc. is an American multinational investment firm based in New York City. Founded in 1988, initially as a risk management and fixed income asset manager, BlackRock is the world's largest asset manager, with $10 trillion in assets under management as of January 2022. BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries. Along with Vanguard and State Street, BlackRock is considered one of the big three index fund managers that dominate America. BlackRock has sought to position itself as an industry leader in environmental, social, and corporate governance (ESG). The firm has faced criticism for worsening climate change, its closeness to the Federal Reserve System during the COVID-19 pandemic, anticompetitive behavior, and its unprecedented investment in China.
