Asset managers failed to build up resilience during upswing, warns Blackrock's Larry Fink

Too few asset managers used the positive past decade to build resilience against industry disruption, warns Blackrock’s chairman in his annual letter. However, he sees an opportunity to accelerate into a more sustainable world when investors rebalance their portfolios after the current corona crisis.

Larry Fink has sent his annual letter to shareholders. Photo: Shannon Stapleton/Reuters/Ritzau Scanpix

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