BlackRock, the world’s largest asset manager, has been placed on watch by the $2.3bn Seattle Employees’ Retirement System pension fund due to concerns about transparency and “limited focus on environmental and social issues”. The fund, which is run by a group of employees at Amazon, said it was concerned that its investment managers were not being transparent with investors.
BlackRock, the world’s largest asset manager, has been placed on watch by the $2.3bn Seattle Employees’ Retirement System pension fund due to concerns about transparency and “limited focus on environmental and social issues”. BlackRock runs a $339m portfolio for the fund.