Bluebell Capital Partners' attempt to oust BlackRock Inc CEO Larry Fink represents the small activist hedge fund's boldest bet that its punch-above-weight strategy could deliver a financial win, even if its push for changes faces long odds. In the three years since its launch, Bluebell has challenged the policies and executives of some of the world's biggest companies, including GSK Plc, Glencore Plc, Vivendi SE and Danone SA, while owning very small stakes. The major prize Bluebell has so far scored was at Danone, where it helped oust a chief executive.
(Bloomberg) -- Florida Chief Financial Officer Jimmy Patronis is urging the agency that manages the state pension funds to remove BlackRock Inc. as one of its asset managers, in yet another strike against the firm over its environmental, social and governance investing practices. Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressBe Careful, Here Come the Predictions for 2023Why Did So Many US Me
(Bloomberg) -- A Texas Senate committee issued BlackRock Inc. a subpoena, requesting specific documents related to the world’s largest money manager’s environmental, social and governance practices and for its executives to testify. Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressWhy Did So Many US Men Quit Working? Social Status May Hold the Key, Study SaysMusk Spars With San Francisco Over P