Sat, Apr 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackRock's Fink bullish on alternatives growth - 'investors are putting large sums of money back into hedge funds'

Thursday, January 28, 2010

amb
From the Opalesque team:

During $3.35tln US-based asset manager BlackRock's fourth quarter earnings call with analysts and investors on Wednesday, CEO Laurence D. Fink expressed a bullish outlook on asset growth in alternatives. "Clients are putting large sums of money back into hedge funds," he said.

The firm's BlackRock Alternative Advisors fund of funds attracted net inflows of $0.9bn during the last quarter of the 2009, after suffering heavy outflows early in the year. Within the firm's hedge funds group, fundamental strategies received $1.5bn in net inflows, which was offset by a loss of $2bn in the firms quant funds. The firm reported that a number of hedge funds reached or surpassed their high water marks due to strong performance and hedge funds helped bring the firm's performance fees up to $125m ($102m increase year over year).

As the largest asset manager in the world, after its recent acquisition of Barclays Global Investors, activity within BlackRock's investor base may be evidence of larger investor trends within the financial industry. Fink says that BlackRock investors (both institutional and retail) are approaching the construction of their portfolios from a "barbell" perspective, looking to both alpha- and beta-driven products to help them outperform benchmarks.

Investors are moving large asset amounts into ETFs and indexes (of the firms $43bn in "new organic growth" $29bn entered ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner