GOOD DAY AT BLACKROCKGOOD DAY AT BLACKROCKTo paraphrase par·a·phrase n. 1. A restatement of a text or passage in another form or other words, often to clarify meaning. 2. The restatement of texts in other words as a studying or teaching device. v. a line from the late, great senator from Illinois, Everett Dirksen: A trillion here, a trillion there, pretty soon it adds up to real money. As in $2.7 trillion, the amount BlackRock will soon have under its purview The part of a statute or a law that delineates its purpose and scope. Purview refers to the enacting part of a statute. It generally begins with the words be it enacted and continues as far as the repealing clause. , making it the world's biggest asset manager. On June 16 Barclays said it had accepted BlackRocks' $13.5 billion offer for Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. , home to the iShares family of exchange-traded funds Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. . The money will bolster Barclays' capital levels and likely end worries it might have to be rescued by the British government. See PAGE 010 "Inside the Big Deal Between BlackRock and Barclays" 
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