‘Unequivocal failure’: Activist fund tries to unseat Larry Fink

New York | Larry Fink faces a proxy challenge to his dual role as chair and chief executive of BlackRock from a UK activist investor who wants more board oversight of the $US10 trillion ($15 trillion) money manager’s approach to sustainable investing.

Bluebell Capital Partners, which has $US120 million in assets, has put a binding resolution on the company’s annual proxy ballot that would amend the corporate bylaws to require an independent board chair.

Financial Times