BlackRock reported second quarter earnings of $218 million, a 20% decrease from the $274 million it earned a year ago. Revenue also fell, by 26%, to $1.03 billion.

Assets under management were $1.373 trillion, down 3.8% from the second quarter of 2008 but up 7% from the end of the first quarter of this year.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.