Rick Rieder Overhauls His BlackRock Bond Team as HPS Clout Grows
PositiveTechnology

BlackRock is making significant changes to its bond division, focusing on innovative investment strategies and incorporating artificial intelligence. This overhaul comes as the firm's leveraged finance business transitions to a new executive team from HPS Investment Partners, which BlackRock recently acquired. This move is important as it reflects BlackRock's commitment to staying competitive in the evolving financial landscape and adapting to new market demands.
— Curated by the World Pulse Now AI Editorial System