President Javier Miley will maintain, this Thursday at noon, a virtual meeting with Larry Fink, CEO BlackRock, the most important investment fund in the world.
This was confirmed by the presidential spokesperson, Manuel Adorniin a press conference, where he highlighted that the magnate “It comes to ratify an investment path with a perspective of 50 years ahead”.
“It is an investment fund which has countless investments in companies such as Microsoft, Apple, Coca-Cola, Twitteretc.”, he added. Specifically, the company’s asset portfolio, which represents approximately 7.7% of the world‘s GDP, It is almost US$950,000 million.
In addition to Argentine debt securities, BlackRock acquired shares of key companies in the country, such as Mercado Libre, Banco Macro, Telecom and Pampa Energía, among other. Specifically, and according to the agency Bloombergwould have more than US$1.6 billion of dollars in twenty different bonds.
Fink’s relevance not only lies in its influence on the financial marketbut also for his ties to the United States governmentwith whom the administration of Freedom Advances seeks to generate close geopolitical and commercial ties, and with the International Monetary Fundan organization that has recently approved a “refloat” of the program for the payment of the debt contracted in 2018 by Mauricio Macri.
This meeting of the libertarian with Fink It adds to the list of meetings that the president has had with different businessmen in recent weeks.like this Wednesday’s video call with Sean Rad, one of the creators of the Tinder app, with whom he hit it off and agreed to meet in Buenos Aires, for a summit with “great entrepreneurs in the technological world“.
Who is Larry Fink, the powerful businessman with whom Javier Milei will meet?
Nicknamed as “Mr. Fix-it” o “The Fixer”due to their ability, they say on Wall Street, to “solve” the errors or problems of the financial market, Laurence D. Fink was born on November 2, 1952 in Los Angeles, United States.
He began his career in 1974, when he graduated in Political Science from the University of California (UCLA), in Los Angeles. Later, she earned a master’s degree in Business Administration at Berkeley.
Just a few years later he began his career in ‘the big Apple’where it started as bond broker at First Boston firm. By 1980 he was already General Director of said companies. Later, and with the profits generated in that first job, bought First Boston.
BlackRock enters this history in 1988when, together with his partner Robert Kapito, They decided to found the companyinitially as a manager of institutional fixed income assets and enterprise risk management.
Currently, the publicly held company operates globally with 70 offices in 30 countries and clients in 100 different nations, standing out as llargest asset manager of the globe.
Regarding Fink’s interest in Argentina, in November 2020 the businessman participated in the conference “Rebuilding the future: the new normal”organized by Banco Santander, where considered the country as an “unattractive” destination to invest, since “governments jump from one policy to another”as well as the fact that, in the local economy, there is “enormous volatility.” Apparently, after Milei came to power he would have reconsidered his position.
News in development…