Fri, Nov 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackRock Q1 earnings positive, despite investor caution

Thursday, April 19, 2012

Bailey McCann, Opalesque New York: BlackRock, the world’s largest asset manager, released its quarterly earnings report today. Net income increased to $572m, or $3.14 per share, from $568m, or $2.89 per share, in the same quarter a year before. Overall revenue declined $33m or 1%, to $2.2bn. Revenues from ETFs were the largest contributor to the company gains this quarter.

The iShares® ETF generated its strongest first quarter result on record with $18.2bn of net new business. Assets under management (AUM) closed the quarter at $3.684tn, up 5% since year-end 2011 and up 1% year- over-year. The firm did disclose however, that it had a $36bn fixed income redemption from a large institutional investor. The firm’s fixed income group has been able to capture nearly half of all fixed income ETP flows for the quarter.

"Our first quarter 2012 results are a strong testament to the power of BlackRock’s diversified business model and history of innovation," said Laurence D. Fink, Chairman and CEO of BlackRock said in a statement. Fink characterized the market overall as fragile as investors remain cautious due to broad market uncertainty.

At the end of February, BlackRock launched an advertising campaign designed to increase interest in a variety of areas including ETPs, multi-asset solutions and alternatives. The campaign, 'Investing in a New World’ is designed to educate investors on how to invest in uncertain market conditions. Along with this new advertising initiative......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed