Larry Fink emphasized that, despite 25 years of changes at BlackRock, his pre-earnings call dinner routine remains: a bowl of cereal with blueberries before each call.
Fink stated that the biggest opportunity for BlackRock lies in taking private market strategies downmarket to individual retirement plans, particularly if regulations ease under the new administration.
He remarked that the conventional 60-40 stocks and bonds portfolio is outdated, and BlackRock intends to provide alternatives to enhance diversification.
Fink noted that nearly $10 trillion in money-market funds is available for investment and highlighted private credit and infrastructure products as key focuses for growth.
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