BlackRock Inc. will get at least $71 million in the first year of contracts to oversee assets previously owned by Bear Stearns Cos. and American International Group Inc.

BlackRock is set to receive $45.3 million this year for running the Maiden Lane holdings that the Federal Reserve took over from Bear Stearns, based on contract terms released by the Federal Reserve Bank of New York. The company will get $25.5 million to manage the Maiden Lane II and the Maiden Lane III investments that the Fed purchased from AIG.

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