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131:. The network in Wenatchee consists of around 6000 computers. The software uses these computers to analyze global economic data, stock market prices and numerous other economic factors. For example, sudden changes in government, weather conditions or possible disasters are also taken into account when evaluating portfolios. Aladdin is the analysis system used by BlackRock to evaluate individual investments. Its purpose is to help with
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216:, risk management became a focal point for financial investments. Very few asset managers had the appropriate personnel and expertise for this. BlackRock's offer to use Aladdin's analysis tools and databases for risk assessment met market demand and brought BlackRock a very broad customer base. The financial crisis and Aladdin played a significant role in BlackRock's dominant market position today. The
188:(1964-2015), this workstation stood between a refrigerator and a coffee machine in the company's one-room office at the time. Hallac is regarded as the initial architect of Aladdin. The first mathematical models for Aladdin were developed by Hallac and Benett W. Golub. Among other things, these were models for
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in the same year. Golub and other BlackRock employees realized that the analyses and models originally created using
Aladdin for their own purposes were also of interest to clients. A new business division was created and in 2000 the use of Aladdin was officially offered to clients.
112:. In 2013, it handled about $ 11 trillion in assets (including BlackRock's $ 4.1 trillion assets), which was about 7% of the world's financial assets, and kept track of about 30,000 investment portfolios. As of 2020, Aladdin managed $ 21.6 trillion in assets.
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to select large, randomly generated samples from the very large number of possible future scenarios. This generates a statistical picture of different scenarios for equities and bonds under different future conditions. A portfolio can also be subjected to a
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and manage the repurchase of mortgage-backed securities for the US Federal
Reserve in the amount of US$ 1.25 trillion. The government contracts, including those from the UK and Greece, gave BlackRock access to information that in turn flowed into Aladdin.
204:, which had been a GE subsidiary since 1986. At the time, the portfolio was considered one of the most complex in the world. With the help of Aladdin, BlackRock was able to complete this order without any problems and Kidder, Peabody & Co was sold to
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236:. In the further course of the financial crisis, BlackRock was allowed to value the balance sheet items of the now nationalized mortgage banks
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224:" worth US$ 130 billion to the financial services provider for management. These "junk securities" came from the government and the
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Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager popping up in the Biden administration
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196:, CMOs), which were a new financial product at the time. Aladdin's first major deployment was in 1994 for an order from
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353:, i.e. "analytics modules for" were written in Julia. It has also been reported that it was written originally in
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type of insolvency crisis on a portfolio of assets can be simulated in this way. Clients using
Aladdin include
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also placed its trust in
Aladdin's risk management during the financial crisis and handed over "
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Senior
Managing Director Sudhir Nair is the current Global Head of BlackRock's Aladdin program.
200:(GE). BlackRock was asked to analyze the problematic mortgage portfolio of the investment bank
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785:"BlackRock's Julia-Powered Aladdin Platform Featured in New York Times – Julia Computing"
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and it is not making trades. Aladdin is based on a pool of historical data that uses
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One of BlackRock's four data centers where
Aladdin is operated is located in
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At
Blackrock, machines are rising over managers to pick stocks (nytimes.com)
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546:"Risk management technology: BlackRock's Aladdin Risk - Central Banking"
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737:"BlackRock To Launch the "Aladdin Data Cloud" Powered by Snowflake"
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643:"At BlackRock, a Wall Street Rock Star's $ 5 Trillion Comeback"
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BlackRock: Eine heimliche
Weltmacht greift nach unserem Geld
522:"Prudential's fund arms to use BlackRock's Aladdin platform"
100:) is an electronic system built by BlackRock Solutions, the
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Asset, Liability and Debt and
Derivative Investment Network
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attempt to manage the complications of the real world.
694:"The Fed Asks for BlackRock's Help in an Echo of 2008"
595:"Charles Hallac, BlackRock's Co-President, Dies at 50"
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cites the
Aladdin system as an example of how modern
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497:"Millionenstrafe für Blackrock – DW – 20.03.2015"
571:"BlackRock executive Charles Hallac dies at 50"
16:Computer system operated by BlackRock Solutions
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274:Aladdin uses the following technologies:
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144:. For example, the impact of a global
401:"BlackRock: The $ 4.3 trillion force"
7:
719:"Larry Fink's $ 12 Trillion Shadow"
194:collateralized mortgage obligations
176:Aladdin began in 1988 on a single
168:has also used Aladdin since 2019.
14:
164:with around US$ 700 billion. The
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436:. economist.com. 7 December 2013
761:"BlackRock Analytics Platform"
619:"Charles Hallac (In Memoriam)"
430:"The monolith and the markets"
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666:Buchter, Heike (2015-08-17).
160:with around €900 billion and
791:. 2019-08-10. Archived from
672:(in German). Campus Verlag.
349:It was built/upgraded using
234:American International Group
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228:, from the liquidation of
214:2007–2008 financial crisis
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24:
202:Kidder, Peabody & Co
104:division of the largest
550:www.centralbanking.com
137:Monte Carlo simulation
106:investment management
462:, December 30, 2020
212:As a result of the
190:mortgage securities
21:
789:juliacomputing.com
765:juliacomputing.com
717:Andrews, Suzanna.
454:Rebecca Ungarino.
259:HyperNormalisation
249:Popular references
226:US Federal Reserve
60:Financial software
970:
969:
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679:978-3-593-50458-2
599:www.bloomberg.com
256:2016 documentary
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988:Computer systems
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184:. Purchased by
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102:risk management
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872:Susan Wagner
809:Y Combinator
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793:the original
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552:. 2022-03-31
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409:. Retrieved
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230:Bear Stearns
222:toxic assets
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206:Paine Webber
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35:Developer(s)
922:Brian Deese
723:Vanity Fair
503:(in German)
264:technocrats
242:Freddie Mac
178:workstation
142:stress test
72:Proprietary
977:Categories
957:Blackstone
892:executives
862:Larry Fink
770:2020-09-17
746:2022-12-12
703:2024-03-21
652:2024-03-21
628:2024-03-21
604:2024-03-21
580:2024-03-21
575:www.ft.com
556:2024-03-21
531:2024-03-21
507:2024-03-21
482:2022-12-12
440:6 November
411:6 November
387:References
316:Sybase ASE
292:Kubernetes
270:Technology
238:Fannie Mae
983:BlackRock
848:BlackRock
741:BlackRock
623:BlackRock
477:BlackRock
375:BlackRock
340:AngularJS
320:Snowflake
296:Zookeeper
125:Wenatchee
40:BlackRock
855:Founders
369:See also
146:pandemic
119:Use case
962:iShares
952:Aladdin
899:Current
890:Notable
526:Reuters
405:Fortune
306:Stack,
172:History
154:CalPERS
94:Aladdin
78:Website
67:License
20:Aladdin
945:Others
915:Former
676:
501:dw.com
324:Cognos
308:Apache
300:Splunk
288:Docker
284:Hadoop
380:SecDB
351:Julia
332:Swift
312:Nginx
276:Linux
180:from
148:or a
674:ISBN
442:2015
413:2015
363:Perl
361:and
359:Java
344:TREP
336:REST
280:Java
240:and
232:and
55:Type
49:1988
355:C++
328:FIX
304:ELK
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192:(
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