They are an investment bank and also a hedge fund. A hedge fund simply engages in speculation using credit or borrowed capital. BlackRock do this, as well as offering investment solutions.
Their hedge fund offering alone makes them a bigger hedge fund than Citadel, the largest hedge fund involved in shorting GME. In fact, BlackRock's hedge fund is the 6th largest hedge fund in the world.
They are an investment bank and also a hedge fund. A hedge fund simply engages in speculation using credit or borrowed capital. BlackRock do this, as well as offering investment solutions.
https://www.blackrock.com/institutions/en-us/strategies/alternatives/hedge-funds
Their hedge fund offering alone makes them a bigger hedge fund than Citadel, the largest hedge fund involved in shorting GME. In fact, BlackRock's hedge fund is the 6th largest hedge fund in the world.
https://en.wikipedia.org/wiki/List_of_hedge_funds