Mon, Apr 24, 2017
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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int