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BlackRock third quarter net income down 4% from second quarter

BlackRock has reported third quarter 2011 net income of $595 million, up 8% from a year ago and down 4% from second quarter 2011. Assets under management of $3.345 trillion decreased 3% year-over-year and 9% since second quarter-end driven largely by $303.9 billion of market-related declines across products. Net inflows of $13.3 billion in EMEA were outpaced by $23.5 billion…

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