Staff
BlackRock, Inc. has completed its acquisition of Claymore Investments, Inc. from Guggenheim Partners, LLC. As a subsidiary of BlackRock, Claymore will be integrated into the BlackRock organization and is expected to operate under the BlackRock name. It is also expected that most of the exchange traded funds and closed end funds managed by Claymore will be rebranded to iShares.
In connection with the closing of the transaction, the Independent Review Committee of the Canadian iShares funds will be appointed to act in the same capacity for the Claymore funds and the Claymore Advisory Board will not continue.
BlackRock announced in January that it would be buying the firm.