Mon, Mar 30, 2015
A A A
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.

Source

kb

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner