Asset Management Firms Are Gaining Power Over Housing, Hospitals, Water and More
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Who owns our world? In recent years, one set of financial actors keep coming up as an answer to that question: asset management firms. Asset managers oversee tens of trillions of dollars-worth of investments in assets across the world. The most well-known asset management firms are the “Big Three” of BlackRock, Vanguard and State Street Global Advisors, whose business model largely rests on so...