EX-99.1 CHARTER
2
exh99-1.htm
PRESS RELEASE
exh99-1.htm
Exhibit
99.1
Contact:
Media
Relations
Media/Investor
Relations
Bobbie
Collins
Brian
Beades
212-810-8155
212-810-5596
Bobbie.Collins@blackrock.com
invrel@blackrock.com
BlackRock
Completes Fund of Funds Acquisition from Quellos Group,
LLC
New
York, October 1, 2007
- BlackRock, Inc. (NYSE:BLK) today announced that
it has completed its acquisition of the fund of funds business of Quellos
Group,
LLC. The combined fund of funds platform will operate under the name
BlackRock Alternative Advisors.
"BlackRock
and Quellos employees have worked together over the past three months to
effect
a smooth and seamless transition for clients while delivering competitive
investment results and laying the foundation for a unified platform", commented
Laurence D. Fink, BlackRock's Chairman and Chief Executive Officer.
"Extreme
market volatility over the past couple of months accelerated the opportunity
for
strategic interactions between our respective investment and risk management
professionals and reinforced the value of operating on a unified, global
platform. In addition, the market environment bolstered our belief
that demand for top quality funds of funds and innovative investment solutions
will continue to increase. We are excited to welcome our new
colleagues and look forward to delivering the tremendous capabilities of
BlackRock Alternative Advisors to our clients".
About
BlackRock
BlackRock
is one of the world's largest publicly traded investment management
firms. As of June 30, 2007, assets under management were $1.230
trillion. The firm manages assets on behalf of institutions and
individuals worldwide through a variety of equity, fixed income, cash management
and alternative investment products. In addition, a growing number of
institutional investors use
BlackRock Solutions
®
investment system,
risk management and financial advisory services. Headquartered in New
York City, the firm has approximately 5,000 employees in 18 countries and
a
major presence in key global markets, including the U.S., Europe, Asia,
Australia and the Middle East. For additional information, please
visit the Company's website at www.blackrock.com.
Forward-Looking
Statements
This
press release, and other statements that BlackRock may make, may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act, with respect to BlackRock's future financial or business
performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as "trend", "potential,"
"opportunity", "pipeline", "believe", "comfortable", "expect", "anticipate,"
"current", "intention", "estimate", "position", "assume", "outlook", "continue,"
"remain", "maintain", "sustain", "seek", "achieve", and similar expressions,
or
future or conditional verbs such as "will", "would", "should", "could", "may"
or
similar expressions.
BlackRock
cautions that forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time. Forward-looking
statements speak only as of the date they are made, and BlackRock assumes
no
duty to and does not undertake to update forward-looking
statements. Actual results could differ materially from those
anticipated in forward-looking statements and future results could differ
materially from historical performance.
In
addition to factors previously disclosed in BlackRock's SEC reports and those
identified elsewhere in this communication, the following factors, among
others,
could cause actual results to differ materially from forward-looking statements
or historical performance: (1) the introduction, withdrawal, success and
timing
of business initiatives and strategies; (2) changes in political, economic
or
industry conditions, the interest rate environment or financial and capital
markets, which could result in changes in demand for products or services
or in
the value of assets under management; (3) the relative and absolute investment
performance of BlackRock's investment products, including its separately
managed
accounts; (4) the impact of increased competition; (5) the impact of capital
improvement projects; (6) the impact of future acquisitions or divestitures;
(7)
the unfavorable resolution of legal proceedings; (8) the extent and timing
of
any share repurchases; (9) the impact, extent and timing of technological
changes and the adequacy of intellectual property protection; (10) the impact
of
legislative and regulatory actions and reforms and regulatory, supervisory
or
enforcement actions of government agencies relating to BlackRock, Merrill
Lynch
or PNC; (11) terrorist activities and international hostilities, which may
adversely affect the general economy, domestic and local financial and capital
markets, specific industries and BlackRock; (12) the ability to attract and
retain highly talented professionals; (13) fluctuations in foreign currency
exchange rates, which may adversely affect the value of advisory fees earned
by
BlackRock; (14) the impact of changes to tax legislation and, generally,
the tax
position of the Company; (15) BlackRock's ability to successfully integrate
the
MLIM and Quellos businesses with its existing business; (16) the ability
of
BlackRock to effectively manage the former MLIM and Quellos assets along
with
its historical assets under management; and (17) BlackRock's success in
maintaining the distribution of its products.
BlackRock's
Annual Reports on Form 10-K and BlackRock's subsequent filings with the SEC,
accessible on the SEC's website at
http://www.sec.gov
and on
BlackRock's website at
http://www.blackrock.com
, discuss these
factors in more detail and identify additional factors that can affect
forward-looking statements. The information contained on our website
is not a part of this press release.
#
# #

EX - 99 . 1 CHARTER 2 exh99 - 1 . htm PRESS RELEASE exh99 - 1 . htm Exhibit 99 . 1 Contact : Media Relations Media / Investor Relations Bobbie Collins Brian Beades 212 - 810 - 8155 212 - 810 - 5596 Bobbie.Collins@blackrock.com invrel@blackrock.com BlackRock Completes Fund of Funds Acquisition from Quellos Group , LLC New York , October 1 , 2007 - BlackRock , Inc . ( NYSE : BLK ) today announced that it has completed its acquisition of the fund of funds business of Quellos Group , LLC . The combined fund of funds platform will operate under the name BlackRock Alternative Advisors . " BlackRock and Quellos employees have worked together over the past three months to effect a smooth and seamless transition for clients while delivering competitive investment results and laying the foundation for a unified platform " , commented Laurence D. Fink , BlackRock 's Chairman and Chief Executive Officer . " Extreme market volatility over the past couple of months accelerated the opportunity for strategic interactions between our respective investment and risk management professionals and reinforced the value of operating on a unified , global platform . In addition , the market environment bolstered our belief that demand for top quality funds of funds and innovative investment solutions will continue to increase . We are excited to welcome our new colleagues and look forward to delivering the tremendous capabilities of BlackRock Alternative Advisors to our clients " . About BlackRock BlackRock is one of the world 's largest publicly traded investment management firms . As of June 30 , 2007 , assets under management were $ 1.230 trillion . The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity , fixed income , cash management and alternative investment products . In addition , a growing number of institutional investors use BlackRock Solutions ® investment system , risk management and financial advisory services . Headquartered in New York City , the firm has approximately 5,000 employees in 18 countries and a major presence in key global markets , including the U . S . , Europe , Asia , Australia and the Middle East . For additional information , please visit the Company 's website at www.blackrock.com . Forward - Looking Statements This press release , and other statements that BlackRock may make , may contain forward - looking statements within the meaning of the Private Securities Litigation Reform Act , with respect to BlackRock 's future financial or business performance , strategies or expectations . Forward - looking statements are typically identified by words or phrases such as " trend " , " potential , " " opportunity " , " pipeline " , " believe " , " comfortable " , " expect " , " anticipate , " " current " , " intention " , " estimate " , " position " , " assume " , " outlook " , " continue , " " remain " , " maintain " , " sustain " , " seek " , " achieve " , and similar expressions , or future or conditional verbs such as " will " , " would " , " should " , " could " , " may " or similar expressions . BlackRock cautions that forward - looking statements are subject to numerous assumptions , risks and uncertainties , which change over time . Forward - looking statements speak only as of the date they are made , and BlackRock assumes no duty to and does not undertake to update forward - looking statements . Actual results could differ materially from those anticipated in forward - looking statements and future results could differ materially from historical performance . In addition to factors previously disclosed in BlackRock 's SEC reports and those identified elsewhere in this communication , the following factors , among others , could cause actual results to differ materially from forward - looking statements or historical performance : ( 1 ) the introduction , withdrawal , success and timing of business initiatives and strategies ; ( 2 ) changes in political , economic or industry conditions , the interest rate environment or financial and capital markets , which could result in changes in demand for products or services or in the value of assets under management ; ( 3 ) the relative and absolute investment performance of BlackRock 's investment products , including its separately managed accounts ; ( 4 ) the impact of increased competition ; ( 5 ) the impact of capital improvement projects ; ( 6 ) the impact of future acquisitions or divestitures ; ( 7 ) the unfavorable resolution of legal proceedings ; ( 8 ) the extent and timing of any share repurchases ; ( 9 ) the impact , extent and timing of technological changes and the adequacy of intellectual property protection ; ( 10 ) the impact of legislative and regulatory actions and reforms and regulatory , supervisory or enforcement actions of government agencies relating to BlackRock , Merrill Lynch or PNC ; ( 11 ) terrorist activities and international hostilities , which may adversely affect the general economy , domestic and local financial and capital markets , specific industries and BlackRock ; ( 12 ) the ability to attract and retain highly talented professionals ; ( 13 ) fluctuations in foreign currency exchange rates , which may adversely affect the value of advisory fees earned by BlackRock ; ( 14 ) the impact of changes to tax legislation and , generally , the tax position of the Company ; ( 15 ) BlackRock 's ability to successfully integrate the MLIM and Quellos businesses with its existing business ; ( 16 ) the ability of BlackRock to effectively manage the former MLIM and Quellos assets along with its historical assets under management ; and ( 17 ) BlackRock 's success in maintaining the distribution of its products . BlackRock 's Annual Reports on Form 10 - K and BlackRock 's subsequent filings with the SEC , accessible on the SEC 's website at http://www.sec.gov and on BlackRock 's website at http://www.blackrock.com , discuss these factors in more detail and identify additional factors that can affect forward - looking statements . The information contained on our website is not a part of this press release . # # #
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