Comment Text:
From: Novick, Barbara [mailto:[email protected]]
Sent: Monday, November 08, 2010 10:14 AM
To: '[email protected]'; Kane, Stephen A
Cc: Novick, Barbara; Smythe, Maggie
Subject: Stable Value Follow-on Study
Dear Matt & Stephen,
During the Dodd-Frank Act deliberations, BlackRock was engaged in the discussions around stable value funds and the book value wrap contracts that support these funds. My understanding is that you are spearheading the follow-on study that was mandated by the Act. Many of our pension clients have asked us to stay involved in these discussions and to provide information to assist you in the study. The attached letter highlights several important public policy issues relating to stable value funds. In addition, we provide historical background as well as current information on the stable value marketplace. As you know, stable value funds play an important role in defined contribution plans, and we and our clients believe the product should continue to be offered to plan participants.
We are interested in working collaboratively to help find workable solutions. Please let me know if you would like any additional information on this issue.
.
Sincerely,
Barbara Novick
__________________________
Barbara Novick
Vice Chairman
BlackRock
55 East 52nd Street
New York, NY 10055
Office: 212-810-5533
THIS MESSAGE AND ANY ATTACHMENTS ARE CONFIDENTIAL, PROPRIETARY, AND MAY BE PRIVILEGED. If this message was misdirected, BlackRock, Inc. and its subsidiaries, ("BlackRock") does not waive any confidentiality or privilege. If you are not the intended recipient, please notify us immediately and destroy the message without disclosing its contents to anyone. Any distribution, use or copying of this e-mail or the information it contains by other than an intended recipient is unauthorized. The views and opinions expressed in this e-mail message are the author's own and may not reflect the views and opinions of BlackRock, unless the author is authorized by BlackRock to express such views or opinions on its behalf. All email sent to or from this address is subject to electronic storage and review by BlackRock. Although BlackRock operates anti-virus programs, it does not accept responsibility for any damage whatsoever caused by viruses being passed.
