BlackRock, the world’s largest asset manager with a colossal $7.43 trillion under management, has decided to run its widely used investment management and operations platform “Aladdin” from Microsoft’s cloud, in a landmark decision.
BlackRock is both a user and provider of Aladdin to institutional investors.
Aladdin, short for “Asset Liability and Debt and Derivative Investment Network” is used internally for insight into everything from firm-wide exposure to emerging risk, via the split second impact of a single trade. It is used to monitor trillions in asset. Its customers include asset managers, pension funds, insurers and corporate