BlackRock's Fink Says 60/40 Portfolio Is Dying, Vows to Open Private Markets to the Masses

What You Need To Know

• The new normal may be a 50/30/20 split, including private assets, says the leader of the world's biggest asset manager.
• BlackRock has committed almost $30 billion in the past year to acquisitions in that area.
• The company last week started rolling out model portfolios that include private investments.