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Monday, October 14, 2013|
BlackRock Wants to Dance on the Hedge
All you need to waltz on the hedge are a few good dance partners, BlackRock may be looking for a number of them.
This morning, MFWire ran a story by the Wall Street Journal declaring that more fundsters were embracing hedge strategies by way of multi-manager alt mutual funds.
As if on cue, we found that BlackRock is one of the asset juggernauts trying to enter this space.
Last week, BlackRock filed with the SEC to launch the BlackRock Multi-Manager Alternatives Fund.
According to the SEC filing, the fund will be managed by a slew of advisors and will seek absolute returns, using a variety of strategies, including relative value, event driven, fundamental long/short, and directional trading.
Apparently, the firm has yet to select any subadvisors for the fund.
BlackRock is only the latest firm to express a desire to go to the hedge.
BlackStone launched a multi-manager alt fund in July. while Goldman Sachs recently launched a multi-asset real return fund earlier this month.
Printed from: MFWire.com/story.asp?s=46409
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