Tech Insider
Vivek Ramaswamy, a 2024 GOP presidential candidate, speaking in Des Moines, Iowa on July 28, 2023.
Vivek Ramaswamy, a 2024 GOP presidential candidate, speaking in Des Moines, Iowa on July 28, 2023.

Scott Olson/Getty Images

  • Republican candidate Vivek Ramaswamy has taken aim at some of America's biggest money managers.
  • He described BlackRock, State Street, and Vanguard as "the most powerful cartel in human history". 
  • The 'Big Three' investment firms hold significant shareholder rights in most S&P 500 companies, according to him.

Republican candidate Vivek Ramaswamy has taken aim at some of the world's biggest money managers as part of his campaign against the environmental, social and governance (ESG) framework. 

Tags
Markets, mi-exclusive, Markets, GOP, index-funds, BlackRock, Investing, Vanguard, state-street, vivek-ramaswamy, us-presidential-campaign, us-presidential-election, us-economy-and-markets, asset-managers, money-managers
Source
BlackRock, State Street and Vanguard are 'arguably the most powerful cartel in …