BlackRock, World’s Largest Asset Manager, Lost $1.7 Trillion in Clients’ Money This Year

The trading symbol for BlackRock is displayed at the closing bell of the Dow Industrial Average at the New York Stock Exchange in New York on July 14, 2017. Bryan R. Smith/AFP via Getty Images

BlackRock, the world’s largest investment management firm with about $8.49 trillion in assets, recorded a $1.7 trillion loss in the first half of 2022, according to the company.

This was the largest sum of money ever lost by a single company in a six-month span, according to Marc Rubenstein, a Bloomberg analyst.