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BlackRock is rolling out new updates to its flagship Aladdin platform (A.K.A Asset Liability and Debt and Derivative Investment Network) as the asset management giant tries to take over even more of the portfolio management software market competing with State Street and Two Sigma's products.
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“The trends of why we ultimately acquired eFront have only accelerated,” Sudhir Nair, global head of Aladdin, said in an interview. “We saw an increased importance in allocations to alternatives, but the current state of technology to support those private market exposures was far behind where they were in public markets. We believed there was an opportunity and increasingly a need to bring public and private markets together.”
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