# BlackRock BlackRock is a global asset-management firm. ATRS held the BlackRock MSCI ACWI IMI Index Fund as a passive international-equity allocation prior to the 12/1/2025 Resolution 2025-48 termination and redeployment to a [[state-street-global-advisors|State Street Global Advisors]]-managed ATRS-specific MSCI ACWI ex-China ex-Hong Kong IMI Unitized Account. The 12/1/2025 ATRS Resolution 2025-48 termination is the subject of [[T048 - ATRS Resolution 2025-48 China Termination Independent Investment Decision vs SFOF Policy Coordination]]. Statement A: the redeployment was an independent investment-management decision attributed by the Investment Committee report to Aon consultant recommendation, framed as a portfolio-level passive-index restructuring. Statement B: the redeployment was a portfolio-level operationalization of the SFOF anti-CCP policy track operating through the Auditor's-office channel into ATRS portfolio decisions, with the SFOF-coordinated framing in Arkansas Act 937 of 2025 providing the legislative-policy parallel. BlackRock is not separately involved in the Israel Bonds adoption documented at [[atrs-resolution-2025-22]]; the firm's appearance in the corpus is via the 12/1/2025 Resolution 2025-48 termination of the BlackRock fund. ## Cross-References [[state-street-global-advisors|State Street Global Advisors]] successor manager of the redeployed ATRS allocation [[atrs-board-audio-12-1-25]] source page documenting the 12/1/2025 ATRS Board meeting [[sfof-policy-letter-operation]] companion concept page on the SFOF anti-CCP policy track