BlackRock Inc. is taking a minority stake in a 401 provider that caters to small businesses, a long-ignored segment of the retirement market that is starting to attract more interest.
BlackRock, the world’s largest asset manager, on Friday said it is making the investment in Human Interest Inc., a San Francisco company that has offered 401 plans since 2015.
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There goes the neighborhood.
Translation- BlackRock lost more money then intended via ESG b.s. investing. Now they are going for 401k providers of small business.... 😐
we’re f*cked
BlackRock