JTN: Arizona state treasurer Kimberly Yee says the state began phasing out any investment management ties with BlackRock in February.
Yee said in a statement Thursday that her office faced numerous questions about its ties with the investing firm, as other states began to publicly divest funds from the increasingly politically active investment advisor.
”At the beginning of this year, I led in the national divestment effort to remove any exposure we had with BlackRock,” Yee said in a statement.
“In February of 2022, my office divested more than $543 million from BlackRock money market funds and reduced our direct exposure to BlackRock by 97% this year.L
The move was smaller than it might appear. According to the statement 98% of Arizona state treasury investments were already managed “in-house.” MORE
Good for them.
mortem tyrannis
izlamo delenda est …