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Focused portfolio management and proprietary research are the cornerstones of our investment philosophy, and portfolio construction is based on each team's market outlook.
BlackRock offers a range of investment products—equity, fixed income, liquidity and alternative investment—each managed by a dedicated investment team of portfolio managers, research analysts and traders. BlackRock's investment teams are staffed with professionals who have significant experience within their respective markets. Our portfolio teams manage assets for institutional and individual investors alike. Accordingly, all of our clients benefit from our portfolio management expertise and risk management analytics. There are a number of opportunities to join portfolio management from within BlackRock as it selects many of its members from various groups in the company.
All of our portfolio managers leverage the expertise of other investment teams through the strength of a shared research, trading and risk management platform. For example, Galileo™, part of our proprietary risk management system, provides company research and analysis through online access and formally integrates this information into our fixed income and equity portfolio management process. Our investment professionals benefit from the resources of a world-class firm that continually invests in its business and is differentiated by a team approach and integrated research and risk management.
Equities — manages a full range of equity strategies that span the risk/return spectrum, along with several targeted opportunities in specific market sectors. More than 40 investment teams—consisting of portfolio managers, research analysts and traders—manage style-specific portfolios built on BlackRock company research in each major equity asset class.
Tax-Exempt Fixed Income — manages long-term and short-term municipal bonds; it is one of the largest managers of municipal assets. All portfolio management, research and trading activities within the firm's municipal bond business is overseen by BlackRock's Municipal Bond Management Committee, which includes six senior members of the tax-exempt team. Day-to-day activity is conducted by a dedicated portfolio management team of over 25 professionals, and is further supported by 12 municipal research analysts.
Taxable Fixed Income — offers an array of fixed income products designed to meet specific client risk and return profiles. Incorporating the expertise of BlackRock's sector specialists, each client portfolio is tailored to reflect specific investment guidelines and objectives with respect to interest rate exposure, sector allocation and credit quality.
Multi-Asset Client Solutions (BMACS) — develops and manages investment solutions involving multiple strategies and asset classes. The BMACS team includes over 130 portfolio managers, quantitative analysts, investment strategists, research analysts, economists and actuaries.
Risk & Quantitative Analysis (RQA) — performs the independent risk management activities and quantitative analysis functions at BlackRock. RQA is responsible for: a) ensuring risk management tools are available and develops custom risk management solutions as markets evolve and monitor existing analytics for accuracy, b) helping investment teams comprehend and manage risk in BlackRock investment portfolios, c) conducting extensive performance analysis and attribution to identify aspects of investment strategies that enhance and detract from performance, d) perform independent, firm wide risk oversight to monitor and manage the counterparty risks of BlackRock's investment business and to measure the operational risks of BlackRock's investment business. Lastly, RQA partners with BlackRock Solutions to create state-of-the-practice risk analytics that are relevant and useful.
Cash Management — makes issue selection, duration, yield curve management and sector allocation decisions as part of the firm’s Liquidity Investment Strategy Committee and in concert with the broader fixed income strategy of the firm. BlackRock is one of the world's largest managers of liquidity portfolios. Our clients include a broad array of individual investors and institutions in the U.S. and the rest of the world. BlackRock's cash management products range from traditional money market funds and other commingled vehicles, to tailored separately managed accounts. From pure cash out to Libor mandates, we manage cash in a wide variety of currencies. As cash managers, we favor a conservative approach that includes an unwavering focus on credit quality, detailed analysis and risk management.
Product Specialists — provides essential services to both the Portfolio Management Group (PMG) and the Global Client Group (GCG), serving as the link between investment teams and account managers.
Real Estate — manages a wide range of real estate debt and equity strategies in the United States, Europe, Australia and Asia for a premier list of institutional and private investors. Investments span a wide range of strategies, including core, value-add and opportunistic equity and high-yield debt, for a premier list of institutional and private investors.
BlackRock Alternative Advisors — manages assets across absolute return, private capital and hybrid strategies for a broadly diversified, global client base. The unified
operating platform combines expertise, resources and capabilities across asset classes, in addition to leveraging resources within BlackRock’s broad infrastructure and global investment teams.
The Scientifically Driven Active Equities — relies on a quantitative approach to conducting research, portfolio management and trading, in order to maximize returns
and minimize costs. The Index group manages portfolios benchmarked against a variety of domestic and international indices, using the best portfolio construction techniques and driving profit through finding efficiencies and enhancing capabilities.The Securities Lending business provides clients with additional revenues through lending securities in a risk aware manner.
The Scientifically Driven Fixed Income — manages portfolios across a full range of strategies that span the risk/return spectrum from index to active products, in this business comprised of 180 investment professionals.
The Transition Management Group — manages significant portfolio reorganizations on behalf of clients with the aim of minimizing cost and controlling risk. These transitions are multi asset class and multi currency and based on a proven process and risk management systems that can be adapted to suit specific client needs, prevailing market conditions or any unforeseen circumstances. The Transition Management Group is split into two functions: project management and trading strategy. Combined they are responsible for all aspects of service delivery, including operations, analysis, strategy and trading. The Transition Project Manager role requires involvement in virtually all aspects of this process with emphasis on working in a team environment to help coordinate the transition from the initial planning and preparation stage, through the implementation phase and towards
a successful completion. The role requires liaising with clients, consultants, investment banks, fund managers and custodians. The Transition Trader has prime responsibility for devising and implementing the trading strategy, including pre- and post-analysis of a transition at a market and individual security level.
The Portfolio Management Group hires professionals with industry experience and undergraduates just entering the workforce. Industry professionals come from a wide range of backgrounds. More details are below.
Qualities of a Portfolio Management Group Candidate
- A passion for the markets and investing
- Ability to operate in a team-oriented and collaborative environment
- Excellent analytical, communication and interpersonal skills
- Self-motivated, flexible and adaptable in an ever-changing environment
- Exercises good judgment coupled with the ability to make decisions quickly
- Possesses an affinity for intelligent risk taking
- Ability to produce high-quality, detail-oriented work
Portfolio Management Group Analyst Program
PMG is the core of BlackRock's premier, global investment management expertise. As an analyst on the team, your responsibilities may include:
- Support in the creation, production and delivery of risk management reports
- Help portfolio managers to apply proprietary techniques for portfolio construction and alpha generation
- Maintain general sector allocations and consistency with the group's portfolio strategy
- Handle client inquiries by providing a professional investment experience and resolving account-related issues accurately
- Work closely with the Account Management Group in coordinating client requests, general portfolio investment strategy and daily investment activities
BlackRock is proud to be an E-Verify & Equal Opportunity/Affirmative Action Employer – M/F/D/V. We are committed to equal employment opportunity to all applicants and existing employees, regardless of race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law.
In the new world, the old ways of investing aren't working anymore. One question is on everyone's mind: "So what do I do with my money?" Learn more about the five practical actions for a more dynamic, diverse portfolio at www.blackrock.com/newworld.