Blackrock Evergrande. This jump in its stake in the firm pushes Evergrandes assets to a total of one. Blackrock HSBC and UBS have been accumulating Evergrande bonds over the past few months.
Is the worlds largest asset manager with just over 9 trillion under management. A technology sell-off Evergrandes five-month plunge and the education technology stock wreckage are forcing investors to raise their defences against Chinas unrelenting regulatory clampdown. BlackRock in August bought up five different Evergrande dollar bonds through one of its high-yield funds which had holdings in the developer then worth 18m Morningstar data show.
Last time we talked about billionaire investor George Soros sharp criticism of BlackRocks decision to invest in China and a little bit of the history of W.
Evergrande debt crisis. The size of. UBS increased its share of Evergrande issues by 25 percent between January and the end of May in its Asian high yield. HONG KONG -- Even as China Evergrande Groups bonds have fallen toward 25 cents on the dollar amid worries the developer will default fund managers.