BlackRock News

Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.

The latest quarter was an enormous relief for many major money managers, which reported gains in assets under management for the three-month period ended in September, though several still saw declines from a year earlier.

Bank of America Corp's search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc spurning feelers from the company, the Wall Street Journal reported on Saturday.

Fred Lieblich , managing director at BlackRock and global CIO of BlackRock Realty, will retire on March 31, said BlackRock spokeswoman Bobbie Collins.

Funny how when circumstances allow someone to land on top, they suddenly become big advocates for the system that got them there.

Laurence Fink kindly asks all you financial journalists, bearish money managers and talking heads to shut the hell up about a stock market bubble.

Ambac Financial Group lost a third of its market value Tuesday after the bond insurer said it may file for bankruptcy protection.

The search is on to replace Bank of America CEO Kenneth Lewis A It is the most prestigious job that nobody wants.

Nov. 9 -- Kevin Rendino, senior fund manager at BlackRock Inc., talks with Bloomberg's Carol Massar and Matt Miller about the outlook for the U.S. labor market.

Kristi Mitchem wants everyone to understand that the DC industry is about a lot more than just the recent poor market returns By Jeff Nash November 2, 2009, 12:01 AM ET Kristi Mitchem - picked to run the defined contribution business of a combined BlackRock Inc.

The $3 billion loan backed by Stuyvesant Town-Peter Cooper Village in Manhattan was transferred to a special servicer at the request of Tishman Speyer Properties Inc.

The corrected release... NEW YORK-- --Certain BlackRock closed-end funds announced distributions today as detailed below.

Charles Schwab Corp. on Tuesday launched its first exchange-traded funds, a move that could alter the landscape of the fastest-growing segment of the asset-management business.

Nov. 2 -- Robert Doll, chief investment officer for global equities at BlackRock Inc., talks with Bloomberg's Francine Lacqua, Jon Erlichman and Adam Johnson about the outlook for the U.S. stock market.

On June 29 , I recommended buying the TS&W/Claymore Tax-Advantaged Balanced Fund .A The fund is up about 15% since that recommendation and there's been a distribution of about 2% of the initial investment.A Not bad for sitting in bonds and equities of global mega-caps that pay high dividends.

As investors slowly dip their toes back into the stock market, mutual fund companies are cautiously hiring again.

The states's two biggest retirement pension funds, the California State Public Employees Retirement System and the California State Teachers Retirement System, stand to lose a combined $600 million invested in one of the boldest real estate ventures in history.

Mutual funds run by companies including BlackRock Inc. and T. Rowe Price Group Inc.

SL Green Realty Corp. and its Gramercy Capital Corp.'s investment in the Stuyvesant Town Peter Cooper Village is in deep trouble because of a recent court ruling that would severely compromise its ability to repay its debt .

Bank of America can't seem to find any qualified candidates that actually want to be the company's next CEO, according to a new report from the Wall Street Journal.