A small activist fund fired a slingshot at goliath investment firm BlackRock, calling for the ouster of CEO Larry Fink for his “hypocrisy” in pushing a “woke” political agenda.
Bluebell Capital — a London-based firm with just $250 million in assets under management, compared to the roughly $8 trillion BlackRock oversees — accused Fink of not adhering to his espoused environmental, social and governance (ESG) principles.
“We see BlackRock endorsing a number of bad practices from a governance, social and environmental perspective which is not actually in tune with what they say,” said Bluebell co-founder Giuseppe Bivona in an interview with CNBC on Wednesday.
Photo credit: (REUTERS)
