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NewsDesk Milli Chronicle November 8, 2025November 8, 2025 asset management news, BlackRock fund closure, BlackRock Impact Opportunities fund, ESG finance, financial inclusion, global finance trends, impact fund wind down, investment portfolio stability., responsible investing strategy, risk management, social impact investing, subprime auto loans, sustainable investment, Tricolor bankruptcy, U.S. auto lending crisis

BlackRock to close social impact fund after Tricolor collapse highlights lending sector risks

The asset management giant moves to wind down its Impact Opportunities fund after the bankruptcy of subprime auto lender Tricolor,