BlackRock hedge fund manager earns more than CEO Fink - report (2024)

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Did BlackRock's hedge fund star get paid more than Larry Fink? ›

BlackRock's Hedge Fund Trader Once Paid More Than Larry Fink Gains 16% BlackRock Inc.'s star hedge fund manager Alister Hibbert posted double-digit gains in a strong period for stock pickers, bouncing back from his worst-ever annual losses the year before.

Alister Hibbert runs the $9bn BlackRock Strategic Equity hedge fund. According to Bloomberg he earns more than the firm's CEO. A BlackRock hedge fund manager, whose strategy is up 370% over the last decade, earned more than the firm's CEO Larry Fink last year, according to a report from Bloomberg.

BlackRock's CEO took home $26.9m for fiscal year 2023.

BlackRock's chief executive, Larry Fink, took a roughly 18% pay cut in fiscal year 2023, seeing his total compensation reduced from $32.5m in 2022 to $26.9m last year, according to the firm's most recent proxy report.

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid.

April 4 (Reuters) - BlackRock (BLK. N) , opens new tab CEO Laurence Fink's total pay for 2023 was $26.9 million, down from $32.7 million a year earlier, according to the company's regulatory filings on Thursday.

The average Managing Director base salary at BlackRock is $332K per year. The average additional pay is $358K per year, which could include cash bonus, stock, commission, profit sharing or tips.

The average Vice President base salary at BlackRock is $182K per year. The average additional pay is $39K per year, which could include cash bonus, stock, commission, profit sharing or tips.

BlackRock. Fink, the co-founder and chief executive of the world's largest asset manager, was unsurprisingly the best paid of the 14 publicly listed firms reviewed by Citywire, taking home summary compensation of $32.7m for 2022, very slightly more than the $32.6m he earned in 2021.

Highly professional work environment.

I can't say enough good things about black rock. They give you all the tools to be successful. You are surrounded by extremely smart and hard-working individuals that are goal oriented and always take the time to work with others. This is an absolute great company to work for.

What is the hierarchy at BlackRock? ›

The BlackRock hierarchy structure starts with the Global Executive Committee (GEC), which serves as its highest level of leadership within BlackRock. This is followed by the board of directors, the leadership team, and the CEO and Executive team. BlackRock has more than 16,000 employees spanning over 35 countries.

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.

Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988. Originally it was part of The Blackstone Group. BlackRock was spun off from Blackstone in 1994 and went public in 1999.

He is a co-founder, chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world with more than US$10 trillion in assets under management. In April 2022, Fink's net worth was estimated at US$1 billion according to Forbes.

Apple CEO Tim Cook's 2023 compensation of $63,209,845 surpassed the $49 million target by 28%. The pay ratio between Cook and the median compensated employee is 672 to 1. The annual compensation of other top executives, including Luca Maestri, Kate Adams, and Deirdre O'Brien, was also disclosed.

BlackRock is a leading publicly traded asset manager with $10.01 trillion in assets under management as of 31 December 2021.