Monday, 31 August 2015
Last updated 8 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…