Florida Chief Financial Officer Jimmy Patronis told Newsmax on Friday that pulling $2 billion worth of state investments out of BlackRock “got their attention” and that it’s up to other states to “hold them accountable.”
As a result of BlackRock’s environmental, social, and governance policies, Florida, Mississippi, and Texas have pulled large sums of money out of the hands of the $10 trillion financial giant. Patronis said he and his advisers saw that BlackRock was performing only “in the middle of the pack” when it came to Florida’s investments.
“We generated more in interest managing our own money than we did when we put it with BlackRock, and it started to come to light all of the agenda that the Larry Finks of the world put out there,” he said during an appearance on “Carl Higbie FRONTLINE.”
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