Goldman, BlackRock, and Blackstone: Will They Still Rule Wall Street in 10 Years?
December 7, 2017 | Melissa Mittelman, Sabrina Willmer, and Dakin Campbell |Bloomberg
Goldman Sachs. BlackRock. Blackstone.
They move markets, influence governments and directly employ tens of thousands of people — indirectly, many more. They’ve had their hands in everything from providing insurance in New Zealand to helping take social-media company Snap Inc. public to managing the money you’re relying on for retirement.
These three bellwethers of their respective corners of finance — investment banking, traditional asset management and alternatives — offer insight into the forces that will shape the investing landscape in the decade to come. Whether or not they’ll remain the titans they are today depends on their ability to own the challenges ahead.