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BlackRock (BLK) is the world's largest publicly traded investment management firm. As of December 31, 2014, it had assets under management, or AUM, of $4.65 trillion. This is ~7% of the total assets under management across the globe.

Moving to the beat of a different drum

Correlations between crude oil and other higher risk assets, such as stocks, emerging market assets and high yield bonds, remain elevated. Fortunately, high correlations with oil since earlier this year have meant strong performance for most of these riskier assets. But what happens if another bout of risk aversion grips financial markets and crude prices drop back into the 30s?