The ‘Big Three’ asset managers use auditor-sharing for portfolio management
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The “Big Three” institutional investors—BlackRock, Vanguard, and State Street Global Advisors (SSGA)—have burgeoned into load-bearing pillars of the U.S. economy. With great power comes great responsibility, as well as a risk-averse investment strategy that favors common ownership—i.e., owning equity stakes in multiple companies within the same industry.