Thursday, 8 October 2015
Last updated 2 hours ago
Jun 20 2007 | 8:58am ET
Not one to be left out of the crowd, BlackRock has announced a plan to invest in startup hedge funds as other traditional asset managers and Wall Street giants do the same.
At a conference in Monaco, BlackRock hedge fund chief Howard Berkowitz said his firm will take small stakes in young hedge funds “to be on the ground floor and be able to get a great rate of return.”
Hedge funds have reportedly raised some $10 billion over the past year by selling stakes in their firms.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…