BlackRock Retail Absolute Return Fund Hits £2B

May 4 2010 | 11:48am ET

BlackRock’s pioneering retail hedge fund has grown to more than £2 billion in assets, and that’s just fine with its management team.

The U.K. Absolute Alpha Fund debuted five years ago, believed to be the first major absolute return vehicle open to British retail investors. Since then, it’s up 49.5%, topping the FTSE All-Share Index with just a quarter of the volatility.

And despite concerns that the fund has grown too large, Absolute Alpha’s co-manager, Nick Osborne, said he isn’t concerned.

“The size is something we think about an awful lot,” he told the Financial Times. “But we feel very, very relaxed. We have a portfolio that is naturally diverse—especially within the short portfolio.”

What’s more, the fund is poised to grow even more: Osborne and his co-manager, Mark Lyttleton, are bullish on the British market and is between 15% and 20% net long, more than it has been in some time.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.