Wednesday, 25 May 2016
Last updated 5 hours 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.