Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter