Recent events
2026-02-27
Transactions
PRIMARY
As of February 2026, BlackRock Financial Management, Inc. manages approximately $1.33 trillion in assets across 2,269 accounts, with 147 licensed advisors and 70 high-net-worth clients. It is registered as an…
2020-03-25
Other facts
PRIMARY
BlackRock's Maiden Lane contracts have been consistently criticized for opacity: the New York Times reported in 2020 that even today 'the full details of what the firm earned have not been disclosed.' The contracts are…
2020-03-25
Transactions
PRIMARY
In March 2020, the Federal Reserve again tapped BlackRock to manage two corporate bond-buying programs in response to the coronavirus pandemic. A BlackRock subsidiary reportedly advised on the purchase of billions in…
2019-07-03
Other facts
SECONDARY
BlackRock Financial Management, Inc. filed filing with the SEC on 2019-07-03. Accession number: N/A.
2015-12-31
Transactions
PRIMARY
BlackRock Financial Management managed Maiden Lane LLC's investment portfolio under guidance from the FRBNY through December 31, 2015
2011-07-21
Transactions
PRIMARY
The GAO's 2011 audit (GAO-11-616) confirmed that FRBNY hired BlackRock 'to manage the portfolio and to advise on a strategy for investing and disposing of the assets' and that the contract was awarded through…
2010-08-23
Transactions
PRIMARY
The Maiden Lane III Investment Management Agreement explicitly grants BlackRock a two-year reinvestment period during which all portfolio cash flows would be reinvested, and FRBNY could not receive repayment without…
2008-11-25
Transactions
PRIMARY
On November 25, 2008, BlackRock Financial Management, Inc. signed an Investment Management Agreement for Maiden Lane III, a $30 billion portfolio created to purchase toxic CDO assets from AIG counterparties. The…
2008-06-26
Transactions
PRIMARY
BlackRock Financial Management Inc. was appointed by the Federal Reserve Bank of New York as investment manager for Maiden Lane LLC under a multi-year contract
2008-06-26
Transactions
PRIMARY
The FRBNY extended a $28.82 billion senior loan and JPMorgan Chase extended a $1.15 billion loan to Maiden Lane LLC. BlackRock was hired to manage the portfolio under FRBNY guidelines designed to maximize recovery…
2008-03-24
Transactions
PRIMARY
On March 24, 2008, the Federal Reserve Bank of New York announced that BlackRock Financial Management, Inc. was retained to manage and liquidate the $30 billion Maiden Lane LLC portfolio of Bear Stearns assets. The…
2008-03-14
Transactions
PRIMARY
BlackRock Financial Management Inc. and Ernst & Young conducted due diligence review of Bear Stearns assets for adherence to eligibility criteria for purchase by Maiden Lane LLC
