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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note