Monday, 24 November 2014
Last updated 29 min 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...