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liberty2897
10-04-2012, 11:09 PM
http://en.wikipedia.org/wiki/BlackRock

And you thought the Federal reserve was powerful.... How many other companies that you know of have 3.65 trillion in asseets? Or 6% of ALL investable assets in the WORLD?

btw, What the hell is "camel case" really? Is that some Israeli code? This whole thing seem surreal to me.


BlackRock, Inc. (NYSE: BLK) is an American multinational investment management corporation and the world's largest asset manager.[2] Headquartered in New York City, BlackRock is a leading provider of investment, advisory, and risk management solutions[citation needed]. The company acquired Barclays Global Investors in December 2009, solidifying its position as the largest investment manager in the world.
[3] As of June 2011, the company has over $3.65 trillion in assets under management. As of October 2012, BlackRock manages between 5% and 6% of all investable assets in the world.[4] The name is officially spelled in camel case.
Founded in 1988, initially offering fixed income products, BlackRock has become a financial powerhouse while remaining out of the public eye. According to Ralph Schlosstein, CEO of Evercore Partners, a NY-based investment bank: “BlackRock today is one of, if not the, most influential financial institutions in the world.”[5]
BlackRock serves clients in 60 countries, maintaining a major presence in North America, Europe, Asia-Pacific, and the Middle East. It has offices in San Francisco, Chicago, Los Angeles, Dallas, Princeton, Wilmington, London, Zurich, Paris, Frankfurt, Sγo Paulo, Tokyo, Hong Kong, Taipei, Beijing, Sydney, Dubai, and various other cities.[6] BlackRock has approximately 10,100 employees, including more than 700 investment professionals worldwide.
Contents [hide]
1 History
2 Barclays Global Investors
3 Key people
4 Notes
5 External links
[edit]History



New York Headquarters
In 1988, Laurence Fink (or as he is called, Larry Fink) and Robert S. Kapito left First Boston to found a company that would provide clients with asset management services from a risk management perspective. Initially, BlackRock was under the umbrella of The Blackstone Group and was called Blackstone Financial Management.
Larry Fink joined Blackstone in 1988 as a partner, along with Robert S. Kapito, Ralph Schlosstein, former White House aide in the Carter administration, Bennett Golub, Barbara Novick, Susan Wagner, Keith Anderson and Hugh Frater. Before joining Blackstone, Fink, Kapito, Golub, and Novick worked together at First Boston. As Managing Director at First Boston, Fink and his team pioneered the mortgage-backed securities market in the United States.
The original founders of BlackRock were Fink, Kapito, Schlosstein, Wagner, Golub, Novick, Anderson, and Hugh Frater. Blackstone Financial Management changed its name to BlackRock Financial Management a few years later to mitigate potential confusion with other Blackstone Group affiliates and to reduce the need for certain corporate governance restrictions that had been placed on it by The Blackstone Group.
The BlackRock team spun out of Blackstone and became an independent financial services firm. Larry Fink cut a deal with the PNC Financial Services Group when they purchased 70% of BlackRock. Subsequently, PNC contributed a number of its other asset management subsidiaries into BlackRock which then consolidated the various entities into an integrated asset management firm. In 1999, with $165 billion in assets under management, the firm went public although PNC remained its dominant shareholder.
BlackRock grew organically, through lift-outs [7] and their first acquisition was on January 28, 2005 when they purchased State Street Research Management, a mutual-fund business that had previously been owned by MetLife. This acquisition added a sizable equity business to BlackRock's funds. On September 29, 2006, BlackRock completed its merger with Merrill Lynch Investment Managers (MLIM), halving PNC's ownership and giving Merrill Lynch a 49.5-percent stake in the company. On October 1, 2007, BlackRock acquired the fund-of-funds business of Quellos Capital Management.[8] On April 30, 2009, BlackRock hired 43 employees from R3 Capital Management, LLC and took control of the $1.5 billion fund.
BlackRock Financial Management Inc. has been retained by the New York Fed to manage and eventually liquidate the assets held in a newly formed Delaware limited liability company (LLC) to fund the purchase of residential mortgage-backed securities (RMBS) from the securities lending portfolio of several regulated U.S. insurance subsidiaries of AIG. [9]
BlackRock is currently one of the largest shareholders of Apple Inc., owning 3.5%, valued close to $20 billion, across its funds.[10]

In December 2009, the company acquired Barclays Global Investors (BGI), giving it control of the iShares system. The division formerly branded BGI is headquartered in San Francisco,[11] and also has research and portfolio management teams in London, Sydney, Tokyo, Toronto, and other cities, as well as client service offices in several additional major financial centres in Europe, North America, and Asia.[12]
After the close of trading, on Friday, April 1, 2011 BlackRock (NYSE:BLK) replaced Genzyme (NASDAQ:GENZ) on the S&P 500 index.[13]
In October 2012, BlackRock bought a stake in the Moscow Exchange (MICEX-RTS) from Russia's state-backed private equity fund ahead of its expected IPO.[14]
[edit]Barclays Global Investors



Barclays Global Investors: San Francisco Office
BGI began as units of Wells Fargo Nikko and Barclays Bank which merged in 1996. Later, it went on to help pioneer the exchange-traded fund business (through its iShares brand), which is a security that can be traded at any time, and whose value is based on the value of a basket of stocks, bonds or commodities. ETFs can give tax advantages and intraday trading mechanical benefits that other products such as mutual funds do not.
BGI's active fund management accounted for 50% of the firm's revenue in 2006 until 2008. The passively managed iShares arm, in contrast, performed extremely well, accounting for about 45% of the revenue of the firm in 2008. At the end of 2008, the iShares division, with more than $290 billion in assets, accounted for about half the U.S. ETF industry. Global Exchange Traded Funds assets hit an all time high of $1tln ($1,032bln) at the end of December 2009, 45.2% above the $710.9bln at the end of 2008.[15]
In April 2009, under a 45-day "go shop" clause, a bid by BlackRock was announced on June 11, 2009[16] for the whole of BGI, in a mixed cash-stock deal worth around $13.5 billion (37.8 million shares of common stock and $6.6 billion in cash).[17]
[edit]Key people

Laurence D. Fink — Chairman & CEO
Robert S. Kapito — President
Susan L. Wagner[18] — Vice Chairman
Linda Gosden Robinson - Senior Managing Director and Global Head of Marketing and Communications
Kendrick R. Wilson, III — Vice Chairman
Philipp Hildebrand[19] — Vice Chairman
Charles S. Hallac — Senior Managing Director, Chief Operating Officer
Ann Marie Petach — Senior Managing Director, Chief Financial Officer
Bennett W. Golub — Senior Managing Director, Chief Risk Officer
Robert W. Fairbairn — Senior Managing Director, Head of Global Client Group
J. Richard Kushel — Senior Managing Director, Head of Portfolio Management
Peter Fisher — Senior Managing Director, Head of Fixed Income Portfolio Management
Rick Rieder — Chief Investment Officer, Fixed Income
Rob Goldstein — Head of BlackRock Solutions
Mark McCombe — Chairman of Asia Pacific Region[20]

emazur
10-04-2012, 11:20 PM
camel case usually means spelling a 2 or more words that are connected as one and differentiating the beginning of the words with a capital letter. The capital letters in the middle of a word give the appearance of humps like a camel. Camel casing is often used in computer programming when you name variables (storage areas) such as P1HighScore and P2HighScore

The Goat
10-04-2012, 11:28 PM
the Federal Reserve has the power to increase the money supply and cut there percentage of assets. Who has the power now? lol

They don't "have" that much. they have that much of other peoples money.

paulbot24
10-04-2012, 11:47 PM
http://en.wikipedia.org/wiki/BlackRock

And you thought the Federal reserve was powerful.... How many other companies that you know of have 3.65 trillion in asseets? Or 6% of ALL investable assets in the WORLD?[/B]

Well, it depends on what phase of QEInfinity the FED is in right now. On a more serious note, the GAO partial FED audit conducted a year ago revealed 16 trillion dollars moved around to different global banks. Citigroup and Morgan Stanley got more than 4 trillion between the two of them, and it's a long list. In case you're interested:

http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144

thoughtomator
10-04-2012, 11:56 PM
$3.65 trillion is walking-around money to the Fed.

paulbot24
10-05-2012, 12:10 AM
$3.65 trillion is walking-around money to the Fed.

That's why they switched to Federal Reserve Notes. Hard to walk around with that kind of gold and you can't trust your entourage when you don't even trust yourself.