BlackRock Files for 18 Bps Merrill Lynch Select Institutional Fund. BlackRock has filed with the Securities & Exchange Commission to launch Merrill Lynch Select Institutional Fund, reports SimFund Filing. The new fund, which will be managed by BlackRock Advisors' Thomas Koligamo, will have a $10 million minimum investment and an expense ratio of 0.18%. FAM Distributors will distribute the fund and State Street Bank & Trust will be the transfer agent and custodian. The fund joins the 23 basis point expense, AAA-rated Merrill Lynch Institutional Fund and the non-rated, 17 bps expense Merrill Lynch Premier Institutional Fund in BlackRock's Merrill Institutional Series lineup.

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