Friday, 29 August 2014
Last updated 6 hours ago
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, Bloomberg News reports. But the firm hopes to eventually garner as much as $3 billion for the vehicle—and could increase its launch size.
The new global long/short fund will be led by BlackRock's head of Americas credit, James Keenan, as chief investment officer. David Trucano will be the new fund's manager.
According to Bloomberg, the Credit Alpha Fund will seek valuation anomalies and mispricings.
BlackRock, which has $4.1 trillion in assets under management—including $103.4 billion in alternatives—began marketing the new fund in October.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...