MONEY MASTER

BlackRock (BLK.US) , the world’s largest asset manager, is recommending a  1% to 2% allocation of Bitcoin (BTC) within multi-asset portfolios, as detailed in a report by the  BlackRock Investment Institute . The firm emphasizes that while Bitcoin can enhance diversification, exceeding the 2% threshold could significantly amplify portfolio risk. Key Insights : Bitcoin’s Role in Portfolios : A  1%-2% allocation  to Bitcoin offers a  risk-return profile comparable to the "Magnificent Seven" tech stocks  when integrated into a traditional  60/40 equity-bond portfolio . Bitcoin’s  low correlation with other assets  can provide diversification benefits, but its  inherent volatility mimics the risk of highly concentrated tech equity investments. Risk Management : Allocations exceeding  2%  may  disproportionately increase portfolio risk , underscoring the need for careful balancing. Historical Bitcoin drawdowns, ranging from...

BlackRock Inc. reported a new record for its assets under management , reaching US$11.48 trillion in the third quarter of 2024, marking its third consecutive quarterly high. This surge was driven by strong inflows into the company's exchange-traded funds (ETFs) and a rally in the equity markets. Stock markets rebounded after an August downturn, supported by optimism over a soft landing for the US economy and encouraging inflation data . In the third quarter, BlackRock saw US$160 billion in long-term net inflows, with total net inflows hitting a quarterly record of US$221.18 billion , up significantly from US$2.57 billion a year earlier. Notably, ETFs attracted US$97.41 billion , while clients invested US$62.74 billion into BlackRock’s fixed-income products . The asset manager's success was further bolstered by recent acquisitions. Last week, BlackRock completed its US$12.5 billion acquisition of Global Infrastructure Partners (GIP) , adding over US$100 billion in ass...

  BlackRock Inc and Microsoft Corp are joining forces to launch one of the largest efforts yet to finance the development of data warehouses and energy infrastructure needed to support the rapid growth of artificial intelligence (AI) . The two companies, along with the United Arab Emirates' MGX investment vehicle , aim to raise $30 billion (RM127.85 billion) in private equity capital over time, which could be leveraged up to $100 billion in potential investments, according to an announcement on Tuesday. "The need to build out data centres globally is a multi-trillion-dollar financing opportunity," said BlackRock CEO Larry Fink in an interview. He noted that the Global AI Infrastructure Investment Partnership has been months in the making, describing it as "a great example of the capital markets building out infrastructure and opportunities for new technologies." Focus on US and Partner Countries The infrastructure investments, including energy projects, ...