Alex Alberstadt Quoted in Ignites Article Titled, “BlackRock Scraps ‘Sustainable’ from $1.7B Fund”
December 12, 2024
Investment Management counsel Alex Alberstadt was quoted in an Ignites article titled, “BlackRock Scraps ‘Sustainable’ from $1.7B Fund.”
“BlackRock may not want to use ‘sustainable’ because they don’t want to have to put themselves in that 80% box,” said Alex.
“The compliance date for the Names Rule is slated for Dec. 11, 2025, for funds with $1 billion or more in assets, and BlackRock’s decision to scrap the word ‘sustainable’ was likely done to get ahead of that deadline,” she said.
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Alexandra Alberstadt
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alberstadt@sewkis.com