Dawn Lim

Some firms look to stay invested in companies for unlimited periods.

Saudi Arabia’s state oil company is turning to a former North Carolina state pension executive to manage its retirement money at a time when U.S. ties to the kingdom are under scrutiny.

The decision by the $7.2 trillion asset manager is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group.

The asset manager steered more money to stock funds last year than it intended for some individuals in a roughly $27 billion education-savings plan administered by the state of Nevada.

The company reversed course after telling employees and retirees it was ending a longtime retirement benefit program.

The CEO of giant asset manager BlackRock uses his position to push companies to address climate change and move toward alternative energy. Is he doing too much, or too little?