Asset Management Firms Are Gaining Power Over Housing, Hospitals, Water and More
Who owns our world? In recent years, one set of financial actors keep coming up as an answer to that question: asset management firms. Asset managers oversee tens of trillions of dollars-worth of investments in assets across the world. The most well-known asset management firms are the “Big Three” of BlackRock, Vanguard and State Street Global Advisors, whose business model largely rests on so...