“1. BlackRock
BlackRock is a well-respected giant in the world of hedge funds, often talked about on the world’s leading financial media, and founded by moguls including Larry Fink, Susan Wagner, Robert S. Kapito, and others.
The hedge fund firm has grown to become so large that its assets under management can’t be measured in billions; it has about $9.5 trillion in assets on its books.
The firm was originally founded as a risk management and fixed-income institutional asset management firm, but with massive success in financial markets, it grew to become the world’s largest fund manager.
While the company manages a long list of hedge funds, it also offers a wide range of index funds and passively managed investing portfolios for the general public, which has helped the firm amass such a high AUM.”
It is not a hedge fund. It’s a normal investment management company - the massive overwhelming majority of the money they manage are in index funds and the vast majority of the rest is in actively managed mutual funds. A hedge fund is a very different beast.