Provides individual investors with a way to diversify across
alternative investment managers and strategies in a single portfolio
solution
NEW YORK--(BUSINESS WIRE)--
BlackRock launched the BlackRock Multi-Manager Alternative Strategies
Fund (BMMAX) (the “Fund”), designed to offer individual investors the
opportunity to access multiple alternative investment strategies in a
single open-end mutual fund. The investment objective of the Fund is to
seek total return. BMMAX extends BlackRock’s alternative mutual fund
platform to seven funds, further establishing the firm as one of the
preeminent providers of alternative investment solutions globally, with
more than $115 billion in assets under management (at 6/30/14).
The Fund leverages the industry knowledge and understanding of BlackRock
Alternative Advisors (BAA), which is BlackRock’s well-established, hedge
fund solutions platform with more than 19 years of experience building
and managing hedge fund portfolios.
“Following the market volatility of recent years, it is critical for
investors to understand that exposure to a wider range of investments is
necessary as part of a core investment strategy,” said Ken Barbuscio,
head of product and platform development for BlackRock’s U.S. Wealth
Advisory Division. “BMMAX provides individual investors with a way to
diversify across alternative investment managers and strategies in a
single portfolio solution.”
BlackRock is responsible for identifying and retaining Sub-Advisers for
the Fund’s selected strategies and for monitoring the services provided
by the Sub-Advisers. Mark Everitt, CFA, Albert Matriotti, David Matter,
CFA and Edward Rzeszowski are jointly responsible for setting the
overall investment strategy and overseeing the management of the Fund.
The Fund allocates fund assets among alternative strategies managed by
BlackRock and external sub-advisers including:
-
Benefit Street Partners, LLC – Fundamental Long/Short
-
Independence Capital Asset Partners, LLC – Fundamental Long/Short
-
LibreMax Capital, LLC – Fundamental Long/Short
-
Loeb King Capital management – Event Driven
-
MeehanCombs LP – Fundamental Long/Short
-
PEAK6 Advisors LLC – Relative Value
-
QMS Capital Management LP – Directional Trading
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
June 30, 2014, BlackRock’s AUM was $4.594 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of June
30, 2014, the firm had approximately 11,600 employees in more than 30
countries and a major presence in key global markets, including North
and South America, Europe, Asia, Australia and the Middle East and
Africa.
For additional information, please visit the Company’s website at www.blackrock.com
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| Blog: www.blackrockblog.com
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You should consider the investment objectives, risks, charges and
expenses of the fund carefully before investing. The prospectus and, if
available, the summary prospectus contain this and other information
about the fund and are available, along with information on other
BlackRock funds, by calling 800-882-0052 or at blackrock.com/funds.
The prospectus and, if available, the summary prospectus should be read
carefully before investing.
Incorporating alternative investments into a portfolio may lower
correlation and improve diversification, but utilizing them involves
substantial risk and presents the opportunity for losses including the
principal amount invested. Some alternative investments have experienced
periods of extreme volatility and in general, are not suitable for all
investors.
BlackRock
Media:
Farrell Denby, 212-810-8034
Farrell.Denby@BlackRock.com
or
Investor
Relations:
Tom Wojcik, 212-810-8127
Tom.Wojcik@BlackRock.com
Source: BlackRock