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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...