Image Credit: Jasper Francis Cropsey, “Wyoming Valley, Pennsylvania,” 1864 (Metropolitan Museum of Art)
By Jason Zweig | Jun 15, 2012 6:16 pm ET
Rice Energy is the private company founded by BlackRock energy-fund manager Daniel J. Rice III to develop natural gas deposits — sometimes in collaboration, and sometimes in competition, with publicly traded companies that Rice has selected for BlackRock’s mutual funds. Those dual roles have raised questions about potential conflicts of interest explored by The Wall Street Journal here and here.
But Rice’s side business raises environmental questions, as well.…
To read the rest of the article:
https://blogs.wsj.com/totalreturn/2012/06/15/how-green-is-blackrock-fund-managers-family-business/
For further reading:
Books:
Benjamin Graham, The Intelligent Investor
Jason Zweig,The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Articles and other resources:
BlackRock to Pay $12 Million Penalty for Failing to Disclose Conflict of Interest