Mon, Oct 5, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BlackRock to build out its alternatives platform, opportunities grow from prop trading restrictions at banks

Wednesday, October 20, 2010
Opalesque Industry Update – “Our alternative platform has to grow and has to become a larger part of our business,” said Chairman and Chief Executive Laurence D. Fink during a call with analysts on Wednesday. While the firm’s business grew by 9% over the third quarter of 2010, BlackRock’s alternatives business saw a setback with outflows of $1.0bn (mainly in real estate, hedge funds and fund of funds).

During Wednesday’s call Fink talked more about the alternatives products than he typically does on quarterly reporting calls, with multiple references to building out the firm’s alternatives platforms. “Our whole view on alternatives is that we need to show our investors and our clients that we have more than just a few products,” he said. “We are going to have ten or twelve key products in equities, fixed income and global macro.”

BlackRock inflows into alternatives were also disappointing, but Fink believes that performance in the third quarter (he specifically noted strong performance from equities and global macro hedge funds) will result in higher inflows in 2011.



What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Investing - U.S. biotech bloodbath hits hedge funds but some bargains emerge, Computer-driven hedge funds betting on further stock selloff[more]

    U.S. biotech bloodbath hits hedge funds but some bargains emerge From A seven-day selloff of U.S. biotechnology stocks has hit sector investors - especially hedge funds - hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid