BlackRock's Larry Fink said in his annual letter that 2025 is potentially a "pivotal moment" in investing, as he laid out his private markets playbook.

Larry Fink, the chairman and chief executive of asset-management giant BlackRock offered some timely portfolio advice in his annual letter to investors. In that letter, Fink proposed an alternative to the traditional 60/40 stock-bond portfolio,

I hear it from nearly every client, nearly every leader—nearly every person—I talk to,” BlackRock CEO Larry Fink wrote in his annual letter on Monday. “They’re more a