Tuesday, 2 September 2014
Last updated 6 hours ago
Dec 10 2009 | 2:29pm ET
BlackRock is gearing up to launch a new series of investment funds that will allow retail investors access to hedge funds and private equity vehicles.
The new funds, part of the BlackRock Core Alternatives Portfolio, will “utilize securities selection and risk management to invest in a portfolio of alternative asset classes and other asset classes generally not highly correlated with the Standard & Poor's 500 Index,” states the firm in a regulatory filing submitted today.
The new Core Alternatives Portfolio--which is expected to launch in the first quarter--will serve as a feeder fund, investing most of its assets in the firm’s Master Fund. The Master Fund will, in turn, invest in the following strategies: hedge funds, private equity funds, real estate securities and funds, long/short equity and/or fixed income strategies, distressed debt security strategies, absolute return strategies and emerging market securities.
BlackRock Advisors will serve as the investment advisor to the new funds and BlackRock Financial Management as the sub-advisor.
The minimum initial subscription for interests in for each Core Alternatives feeder fund is $50,000, and minimum subsequent subscriptions are $25,000, according to the SEC filing.
BlackRock is the world’s largest investment firm with $3.2 trillion in assets under management.
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 ...