Because of Jamie Dimon's comment of late about 'cockroaches' in private credit,
Because of Jamie Dimon's comment of late about 'cockroaches' in private credit,
For BlackRock as a whole, this loan going to zero is a rounding error for its total assets under management (AUM). But because it's AUM is not just one big pool of assets, but segmented into smaller pools, for a smaller pool this loss can be significant.
For BlackRock as a whole, this loan going to zero is a rounding error for its total assets under management (AUM). But because it's AUM is not just one big pool of assets, but segmented into smaller pools, for a smaller pool this loss can be significant.