Blackrock: From Wall Street to Wenatchee
East Wenatchee is a long way from Wall Street. But the small town in central Washington state serves as the unlikely home for a data center for one of the major players in the financial industry. The financial services firm Blackrock operates a new data center at a mission critical campus operated by Sabey Corp. Blackrock is the world’s largest asset management firm, overseeing more than $3.5 trillion in funds for its clients, which include pension funds and insurance companies. The company has also emerged as a leader in the development of Exchange Traded Funds (ETFs), investments that track indices of stocks or bonds. ETFs allow investors many of the advantages of mutual funds, but with a lower fee structure.
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