Charlie Hallac was BlackRock's first employee and the creator of Aladdin. In a 2013 article by the Economist, the magazine explains just how far the system reaches:"Aladdin, the risk-management platform that occupies all those computers in the orchards, is not just used to look after BlackRock's $4 trillion. The firm makes its facilities available in whole or in part to managers looking after $11 trillion more, a tally that has recently been growing by about $1 trillion a year. All told, Aladdin keeps its eyes on almost 7% of the world's $225 trillion of financial assets."
BlackRock co-president and former chief operating officer Charlie Hallac has died after a battle with cancer that lasted four years. He was part of the team that started what is now the world's largest asset manager, responsible for $4.7 trillion (£3.06 trillion) of investments, and he started the company's crucial Aladdin (Asset Liability and Debt and Derivative Investment Network) platform. Aladdin is one of the most dominant platforms for investment and risk management in the world, and it was all started by Hallac.