The story of BlackRock Aladdin's inception, its business performance, differentiating factors in business, operating, and technology models, and key lessons learned.
Tired of reading apocryphal stories of virginal genesis or birth in a garage by some humble finance wizard, of the Aladdin platform (viz: "This endeavor unfolded somewhat by accident. Another large financial institution became aware of BlackRock’s unique internal platform and essentially asked to purchase it from them"). If blacrock is going to monopolize assets held in it's custody, and snowball AUM, it is natch that it KNOWS who owns what, and who trades it at what price, and it seeks to broker that information. IN the end, Blackrock will know everyone's holdings and proxy everyone's votes, and it will be the sole asset manager and thus proxy corporate manager in the country.
Tired of reading apocryphal stories of virginal genesis or birth in a garage by some humble finance wizard, of the Aladdin platform (viz: "This endeavor unfolded somewhat by accident. Another large financial institution became aware of BlackRock’s unique internal platform and essentially asked to purchase it from them"). If blacrock is going to monopolize assets held in it's custody, and snowball AUM, it is natch that it KNOWS who owns what, and who trades it at what price, and it seeks to broker that information. IN the end, Blackrock will know everyone's holdings and proxy everyone's votes, and it will be the sole asset manager and thus proxy corporate manager in the country.