An unprecedented event has occurred đ¨đ¨
This is considered a real disaster đ¨đ¨đ¨
BlackRock, the largest company in the world, has prevented some investors from withdrawing their funds from one of its funds
It is the largest asset management company in the world
Imagine with me that!
Some investors requested to get their money back⌠but the fund told them they cannot withdraw it fully now
What exactly happened!
A private loan fund affiliated with BlackRock has a size of 26 billion dollars
During this quarter:
Investors requested to withdraw 1.2 billion dollars
This is equivalent to 9.3% of the fund's money
But the fund only allows a withdrawal of 5% in each period
So:
Paid 620 million dollars
And rejected or postponed the remaining requests
This means that almost half of the investors who wanted to exit could not exit
In summary
The writer says that:
If the largest investment funds in the world start telling investors
âYou cannot withdraw your money nowâ
This could be a major warning sign for the markets
