BlackRock Eyes $3 Billion For New Credit Fund

Dec 20 2013 | 12:21pm ET

The world's biggest money manager is planning what could be next year's biggest hedge fund launch.

BlackRock has begun fundraising for its new Credit Alpha Fund, with an initial target of $500 million. But the firm hopes to eventually garner as much as $3 billion for the vehicle—and could increase its launch size.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…