BlackRock 's (nyse: BLK - news - people ) Total Return fund returned 1.43% for the year through May 15, putting it in the bottom 18% of like funds.

FORBES: Can Gross Get His Groove Back?

Looking to shore up confidence, the pool's directors hired fixed-income giant BlackRock (nyse: BLK - news - people ) to analyze the troubled fund and take over management for a 90-day period.

FORBES: Florida Fund Meltdown: Bad To Worse

Fleming, a Merrill veteran who helped negotiate the firm's half-interest in mutual fund giant BlackRock (nyse: BLK - news - people ).

FORBES: No Thain, No Gain

According to a survey of 1, 117 clients of BlackRock ( BLK), nearly 40% of institutional investors are now using ETFs for core allocations, particularly in U.S. domestic and international equity.

FORBES: Institutional Use of ETFs Keeps Growing