BlackRock Inc. and Nuveen Investments have both reported an impressive third quarter in earnings, thus, illustrating the ability of management firms to bring in new money, says The Wall Street Journal.

BlackRock earned 92 cents per share, or $61.1 million in the quarter, a real improvement when compared to the year before, when it had a $9.8 million net loss, or 15 cents per share. Revenue in the third quarter grew to $300.8 million from $171 million in the third quarter of 2004, a 76% increase.

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