The world’s largest asset manager plans to raise $400 billion from clients by 2030 for its funds that invest in private equity, private credit, real estate, infrastructure and other so-called alternatives to public stocks and bonds.

CEO Larry Fink has shut down rumors of his exit from the firm, saying: I'm not planning to leave BlackRock anytime soon, so you don't have to have those questions later on. Fink, who co-founded BlackRock in 1988,

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.