CHANGE: BlackRock Gets Downgraded for the Increasing Political Risk of ESG Investing. “Larry Fink is having a bad year. Some estimates place investments withdrawn from BlackRock, the firm where he is CEO, at nearly $3 billion just from states pulling treasury funds due to Fink’s public political agenda. In the second quarter of 2022, BlackRock exceeded average market losses, with assets under management falling 22% to $8.5 trillion. Third-quarter assets under management fell another 15%, with adjusted earnings down 12.8% and revenue falling 15%.”