11:29 AM EDT, 05/17/2024 (MT Newswires) -- BlackRock ( BLK ) has received approval for the extension of investment contracts from the Oklahoma Public Employees Retirement System, Bloomberg reported Friday, citing an email from Joe Fox, executive director of the pension.

Pension board members extended the contracts with the company at a Thursday meeting for managing $7.3 billion of investments, the report added.

The BlackRock ( BLK ) contract extensions were on hold from an April pension board meeting due to the firm's position on the restricted list from the Oklahoma state, the report said, citing Fox.

Neither BlackRock ( BLK ) nor the Oklahoma Public Employees Retirement System immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 808.47, Change: +0.76, Percent Change: +0.09