Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

BlackRock unveils multi-asset absolute return fund

BlackRock unveils multi-asset absolute return fund

BlackRock has launched a new absolute return fund that will invest across equities and fixed income.

The BlackRock Multi-Strategy Absolute Return fund, the firm’s first Ucits-compliant multi-strategy alternative fund in Europe, will invest in five underlying alpha-seeking strategies spanning equities, fixed income and global macro categories.

The fund will be managed by BlackRock’s multi-asset strategies team, with the underlying strategies focusing on relative value trading approaches.

‘Many clients want diversified exposure to funds that add alpha and provide a different set of returns to equities and bonds, and this liquid multi-strategy fund will give them access to a range of alternative investment strategies in a cost efficient and dynamic way,’ commented Ingo Heinen, head of BlackRock’s alternative investment strategies in Europe.

‘This is a true multi-strategy product, where the performance fees are charged on the aggregate performance of the multiple alpha sources - which makes this product very competitive.’

The fund’s management fee will be 0.75% on I and D shares, with a 24% performance fee.

Leave a comment
Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter