Larry Fink Vows to Unlock Private Investments for the Masses

BlackRock Inc. Chief Executive Officer Larry Fink pledged to open up private markets to millions of everyday investors, not just the wealthy few, contending individuals should share more of the gains from economic growth.

“Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said Monday in his annual letter to investors. “The divide has reshaped our politics, our policies, even our sense of what’s possible. Protectionism has returned with force.”