BlackRock has taken a minority stake in Clarity AI in a bid to boost the ESG performance of Aladdin, the fund manager's flagship portfolio management platform.
Clarity AI is a Spanish fintech firm that uses machine learning and big data to help investors understand the true impact of their investment portfolios. The company's proprietary tech platform performs sustainability assessments covering more than 30,000 companies, 198 countries, 187 local governments and over 200,000 funds. BlackRock launches global unconstrained equity fund BlackRock will integrate Clarity's environmental and social data insights into Aladdin. Mary-Catherine Lader, head of Aladdin sustainability at BlackRock, said: "Investors are galvanised around sustainabil...
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