📈 Business
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Bloomberg
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BlackRock Is De-Risking Across Its Portfolio, Says Fund Manager Koesterich
Russ Koesterich, portfolio manager of BlackRock's Global Allocation Fund, says the firm is actively reducing risk across its portfolios in the current market environment. He noted that there are effectively no useful hedges available right now. Koesterich shared this outlook in an interview with Bloomberg.
“There really aren’t any hedges in this context,” says Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, as he explains how the firm is bringing down risk in the current market environment. (Source: Bloomberg)