asset management firm

OKLAHOMA CITY (PRESS RELEASE – December 29, 2009) – The U.S. Department of the Treasury recently announced that Oklahoma-based Avondale Investments, LLC, is one of the selected six firms from more than 200 submissions nationwide to help manage its portfolio of assets in the wind-down phase of the Capital Purchase Program (CPP) and other programs under the Emergency Economic Stabilization Act (EESA) commonly known as the “bank bailout bill.” CPP, which is currently only open to small banks, will effectively close at the end of the year.

• BlackRock, Inc. (NYSE: BLK) entered into an agreement to acquire Barclays Global Investors (BGI), including its market-leading ETF platform, iShares, from Barclays PLC (NYSE: BCS).
  
  The transaction would create an independent and fully integrated asset management firm with combined assets under management of over $2.7 trillion.
  
  At the closing of this transaction, which is expected to occur in the fourth quarter, Barclays will hold a 19.9% economic interest in BlackRock.