BlackRock Short Credit Report 9-2011

BlackRock Short Credit Report 9-2011 - BlackRock Inc...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
BlackRock, Inc. 09/10/2011 Analyst Opinion: Hold Analyst Outlook: Stable Last Review Date: 09/04/2011 Analyst: Nguyen Bui 6.25% of 9/15/2017 CUSIP: 09247XAC5 Purchase Date: 9/12/2007 Par: 4000000 Book Value: 3977975.64 Book Price: 99.449 Impairment: $0 Market Price: 118.415 52-Week Range: $111.837- $119.433 Subordination: Senior Equity Price: 156.04 52-Week Range: 144.64 - 209.77 Symbol/Ticker: BLK Rating (S&P//Moody’s) A+ (Stable) // A1(stable) Page 1
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
BlackRock, Inc. 09/10/2011 CDS 1/3/5/7/10 Year Values (bps): Corporate Headquarters: New York City, New York BlackRock, Inc: BlackRock, Inc. (BlackRock) is one of the largest investment management firms in the U.S. It offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets . Its clients include taxable, tax-exempt and official institutions, retail investors and high net worth individuals. Its product range includes single- and multi-asset class portfolios investing in equities, fixed income and/or money market instruments. As of June 30, 2011, BlackRock's assets under management total US$3.66 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. It has no single majority stockholder and has a majority of independent directors. The PNC Financial Services Group, Inc. and Barclays PLC own economic interests in BlackRock approximating 21.7% and 19.7%, respectively, with the remainder owned by institutional and individual investors, as well as BlackRock employees. Update on Black Rock: In August 8, 2011, Blackrock announced that it has further expanded its menu o f index mutual funds for defined contribution plans. The firm now features a full size of 16 cores index mutual fund that sponsors can use to construct a well-balanced menu of investment choices for their participants. Blackrock’s decision is considered to be a smart move because indexing offers significant benefits to DC plans of all sizes, providing a transparent, low cost and low maintenance approach to managing some or all of an investment portfolio. Therefore, its
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern