At BlackRock, a Wall Street Rock Star’s $5 Trillion Comeback
“And through its big data-mining risk platform, Aladdin, or Asset Liability and Debt and Derivatives Investment Network, BlackRock says it has developed the market’s most highly evolved framework for stress-testing how securities will respond to certain situations — such as a sudden rise in interest rates or what happens in the event of a political surprise, like Donald J. Trump being elected president.
Staffed by 2,300 of BlackRock’s 13,000 employees, Aladdin promises to help firms trade, analyze and keep a compliant eye on the assets they manage. In an era of severe regulatory scrutiny, the service has become quite popular. Seventy-five firms — including Deutsche Bank’s asset management unit and Freddie Mac — managing a total of $10 trillion, now use it.”