Monday, 27 April 2015
Last updated 1 hour 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…