Blackrock Investments – Client Friendly Investment Giants

What is Blockrock Investments?

It is believed to be the world’s largest investment management company. It does business of providing a range of excellent services relating to money and investment issues internationally.

In 1988 a company by name of Blackstone Financial Management was established by Robert Kapito, Sue Wagner, Ralph Schlosstein, and Larry Fink. Larry Fink is known in the financial circles as the man behind the consolidation of mortgage backed securities market in the United States. He worked as Managing Director of First Boston. Ralph Schlosstein was another well know personality of the group. He used to be a White House aide. The same company is now known as Blackrock Investments.

With the acquisition of Barclays Global Investors in December 2009, Blackrock achieved the distinction as the largest money management company on the globe with an investment related business worth above 3,190 billion dollars. As on 31st of December, 2010 Blackrock Investments is managing a total of 3.561 trillion dollar investments.

What does the company do?

The company offers services related to cash management, fixed income, equity, alternative investments and real estate. The company is committed to give quality services to its clients, by giving the clients’ needs and requirements utmost importance. BlackRock Fund, a company under BlackRock Investments holds a major portion of Apple Inc stocks, around 5.5 percent of them, costing some fifteen billion dollars.

Where is Blackrock Investments situated?

It is based in New York City. It has a wide net work of offices in some twenty four countries. A 700 member team of high level financial experts include its 8,400 employees. It is very active in Europe, North America, Asia Pacific and Middle East regions of the world.

Acquisitions and merges contributed to the company’s phenomenal growth in recent years. Since 2005, the company is on an acquisitions spree, taking one or the other company under its fold every year. In 2005 Blackrock Investments acquired MetLife owned State Street Management, a mutual fund company. The acquisition is said to give a head start to the company in equity business.2006 saw the merger with Merrill Lynch Investment Managers. In 2007, a fund of funds business firm called Quellos Capital Management came under the company’s banner.

The success of Blackrock Investments once again proves that commitment to customer’s satisfaction and top quality services make a company strong and sound.