27-05-2024, 11:47 AM
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Malaysia airport privatisation deal clouded by protests over Gaza war
27-05-2024, 09:35 PM
Malaysia media reported replies
https://www.thestar.com.my/news/nation/2...e-benefits
6. Who is BlackRock and what is GIP’s relationship with BlackRock?
Amirul Feisal: BlackRock is currently the largest fund manager in the world, with a staggering US$10.5tri (US$1=RM4.71) assets under management. Their investments span across a wide array of assets. A significant portion of BlackRock’s portfolio is dedicated to passive, index-linked investments, which means they hold shares in nearly all publicly listed companies globally – this includes tech giants like Apple, Facebook, and Google. BlackRock funds have interest in Bursa Malaysia stocks that are worth around RM20.5 bil and about RM6.9 bil in both Malaysian government and corporate bonds.
GIP, on the other hand, is an infrastructure fund. Essentially, they manage funds from various investors worldwide, much like other big names in the industry such as TPG, KKR, and Macquarie, to give a few examples.
Recently, BlackRock expressed interest in boosting its own infrastructure fund capabilities by seeking to acquire GIP, acknowledging GIP’s expertise in the field. However, to the best of my knowledge, their deal has yet to be concluded. Regarding the Gateway Development Alliance, we would like to clarify that our direct consortium partners are ADIA and GIP, not BlackRock.
https://www.thestar.com.my/news/nation/2...e-benefits
6. Who is BlackRock and what is GIP’s relationship with BlackRock?
Amirul Feisal: BlackRock is currently the largest fund manager in the world, with a staggering US$10.5tri (US$1=RM4.71) assets under management. Their investments span across a wide array of assets. A significant portion of BlackRock’s portfolio is dedicated to passive, index-linked investments, which means they hold shares in nearly all publicly listed companies globally – this includes tech giants like Apple, Facebook, and Google. BlackRock funds have interest in Bursa Malaysia stocks that are worth around RM20.5 bil and about RM6.9 bil in both Malaysian government and corporate bonds.
GIP, on the other hand, is an infrastructure fund. Essentially, they manage funds from various investors worldwide, much like other big names in the industry such as TPG, KKR, and Macquarie, to give a few examples.
Recently, BlackRock expressed interest in boosting its own infrastructure fund capabilities by seeking to acquire GIP, acknowledging GIP’s expertise in the field. However, to the best of my knowledge, their deal has yet to be concluded. Regarding the Gateway Development Alliance, we would like to clarify that our direct consortium partners are ADIA and GIP, not BlackRock.
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