Asset Management

BlackRock buys stake in data fintech Clarity AI in sustainable analytics push

The US fund manager, which oversees around $8.7tn in assets, partnered with Clarity AI and will integrate data and machine learning led analytics with Aladdin

BlackRock, the world's largest asset manager, has bolstered its sustainable investment analytics on its influential risk and operations platform with the acquisition of a minority stake in a data fintech.

The US-headquartered fund manager, which oversees around $8.7tn in assets, has partnered with Clarity AI and will integrate its big data and machine learning led analytics across with Aladdin —which is used by rival asset managers, banks and other financial institutions worldwide running more than $20tn in assets

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