BlackRock Garners $313M For Offshore Hedge Fund

May 18 2012 | 4:07am ET

BlackRock, the world's largest asset management company, has raised more than $300 million for an offshore hedge fund.

New York-based BlackRock said in a Securities and Exchange Commission filing that it has netted $313.6 million for the Cayman Islands-domiciled fund since it opened to outside investors late last month. What's more, it got the money from just three investors.

The fund will remain open for an undisclosed amount of time, the firm said.

The offshore fund has a minimum investment requirement of $100,000.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...