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Rating:BlackRock's Fed Paycheck to Top $42 Million Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 15, 2009

BlackRock's Fed Paycheck to Top $42 Million

by: Taylor Riggs

BlackRock will earn at least $42 million in asset management fees during its first year of managing what were once Bear Stearns and American International Group assets, the Wall Street Journal reported.

In addition, the New York City-based investment manager will receive one-time advisory, analytics and structuring fees totaling $13.5 million. 

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