Wednesday, 22 February 2017
Last updated 5 hours ago
Mar 12 2008 | 10:19am ET
BlackRock is currently prepping a London-listed closed-end fund of hedge funds that will offer investors exposure to its $11 billion Appreciation Strategy.
The firm said yesterday it expects to launch BlackRock Absolute Return Strategies sometime during the first half of the year.
The new fund will invest in the Appreciation Strategy, which has a 12-year-plus track record and is the flagship strategy of BlackRock Alternative Advisors.
BlackRock declined to say how much it was planning to raise for the new fund.
BlackRock's assets under management currently total more than $1.3 trillion across equity, fixed income, cash management, alternative investment and real estate strategies.