Billionaire activist investor Carl Icahn lambasted BlackRock on Wednesday for what he said was creating an “extremely dangerous situation” by encouraging debt issuance. Sharing the stage with Larry Fink, chief executive of BlackRock, at the CNBC Institutional Investor Delivering Alpha Conference in New York, Icahn expressed his concerns about the amount of money invested in high-yield ETFs, which he termed “overpriced.” Increasing price for relatively risky debt Carl Icahn termed BlackRock an “extremely dangerous company” due to the prevalence of its exchange-traded fund products, which Icahn deems illiquid. Making reference to BlackRock’s ETF business, the activist investor said: “They sell liquidity. There…
Carl Icahn Slams BlackRock For Bond Market Volatility
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports