▶️ What did Friedrich Merz, the current Chancellor of Germany, do at BlackRock before he was born? Was he good or rather mediocre?
Many are wondering: What exactly did politician Friedrich Merz do at BlackRock? Contrary to popular belief, he wasn't a typical fund manager trading stocks on a daily basis. | | Instead, from 2016 to 2020, he held a completely different, important position. | | He was the Chairman of the Supervisory Board of BlackRock Asset Management Deutschland AG. | In this role, his primary responsibility was to oversee the management. | This means he didn't buy or sell stocks, nor did he manage portfolios. | | His work did not involve the direct management of client funds. | He therefore didn't make any direct investment decisions for investors. | The evaluation of his work thus relates to his supervisory function, not to managerial performance. | His role was therefore one of formal control, not that of an active asset manager. | [...]
▶️ Read more here





























