This general information is provided by and used with the permission of this manager. It may not contain information about the Pacific Select Fund portfolios or BlackRock Variable Series Funds, Inc. portfolios managed by this manager. Pacific Select Fund portfolios are available only through Pacific Life & Annuity's variable products. The BlackRock Variable Series Funds, Inc. portfolios listed below are available through Pacific Life & Annuity's variable life insurance products. BlackRock Variable Series Funds, Inc. is not affiliated with Pacific Life & Annuity Company.
BlackRock® is a premier provider of global investment management, risk management and advisory services to institutional and retail clients around the world. Through BlackRock Solutions® - the natural evolution of our long-standing investment in developing sophisticated and highly integrated systems - we offer risk management, strategic advisory and enterprise investment system services to a broad base of clients with portfolios totaling more than US $6 trillion as of March 31, 2008.
Investment & Risk Management
Since our founding in 1988, BlackRock has sought to better serve clients by anticipating and responding to changes and advancements in the investment industry, while continually seeking to broaden and deepen our investment and risk management capabilities. The most recent step in our development was the acquisition of the fund of funds business of Quellos Group, LLC, which closed on October 1, 2007. The integration of Quellos' assets into our existing fund of funds business resulted in BlackRock Alternative Advisors, a premier fund of funds platform providing hedge, private equity and real asset fund of funds to institutional and individual investors worldwide.
As we approach our twentieth anniversary, BlackRock is a truly global enterprise. Headquartered in New York, the firm maintains offices in 19 countries around the world. Over one-third of our total assets are managed on behalf of non-U.S. investors, and nearly one-third of our employees live and work outside of the United States.
Management Style
To deliver creative solutions to investment challenges, BlackRock has long focused on a cross-disciplinary team approach in which clients benefit from the pooled expertise of the firm's resources: our investment and risk management professionals and our internally developed analytical tools. In addition to excellent performance, BlackRock is committed to delivering a high level of service tailored to the needs of each client. BlackRock's client base includes corporate, public, union and industry pension plans; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; banks; and individuals worldwide.
Equity Ownership
BlackRock is independent in ownership and governance, with no single majority stockholder and a majority of independent directors. In terms of equity ownership, Merrill Lynch's stake is approximately 49%, while The PNC Financial Services Group retains an interest of about 34%; the remaining 17% is held by BlackRock employees and public shareholders.
Attributes
- As of March 31, 2008, BlackRock's assets under management were approximately US $1.36 trillion across equity, fixed income, cash management, alternative investment and real estate strategies.
- Serve clients in North and South America, Europe, Asia, Japan, Australia and the Middle East
Portfolios Managed
Pacific Select Fund
BlackRock Variable Series Funds, Inc.
Data as of March 31, 2008.
Small company stocks may entail higher risk and greater volatility than the stocks of larger and more established companies.
Special risks such as currency fluctuations and political changes should be considered with international investing.
Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds.
You should carefully consider a variable life insurance product’s risks, charges, limitations and expenses, as well as the risks, charges, expenses and investment objectives of the underlying investment options. The accompanying product and underlying fund prospectuses contain this and other information about Pacific Life & Annuity. Read them carefully before investing or sending money.
This material may only be used in connection with the solicitation of Pacific Life & Annuity Company products in those states where the product solicited has been approved. Product features and availability vary by state.
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