It’s no secret that more companies have moved aggressively to be able to offer more hedge fund-like styles and investment techniques in the form of a mutual fund.
The great hope of course is that retail investors will hungrily eat up the chances to run with the wolves of Wall Street. The market has grown crowded. Almost half of the 247 hedge alternative mutual funds–or “hedge fund mutual funds”–on the market today have been launched in the last three years, according to Morningstar.
The market just got a bit more crowded, as investment powerhouse BlackRock has entered the fray with three new alternative investment hedge funds. The BlackRock Commodity Strategies Fund will seek to buy commodities futures and stocks of companies in the natural resources industry. The BlackRock Emerging Markets Long/Short Equity Fund “uses advanced techniques to identify misvaluations across stocks and markets in a risk-controlled manner.”
The BlackRock Global Long/Short Credit Fund is an interest-rate neutral, global long/short credit fund. Long short credit funds in particularly popular right now. BlackRock would love to get these products on the shelves of brokers and independent advisory firms. The firm has beefed up its team that will work with wholesalers to better move product. BlackRock would love to become a retail powerhouse as well as an institutional power.
For more:
- here’s the Reuters article
- here’s the release
Related articles:
BlackRock easily beats estimates
BlackRock aims to avoid SIFI status
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