BlackRock, Inc. (NYSE:BLK), one of the largest asset managers, is expanding its alternative investment offerings to retail investors with a new fund of funds offering.
BlackRock's new fund includes diversity based on market environment
The BlackRock Multi-Manager Alternative Strategies Fund Investor A Shares (MUTF:BMMAX) includes a diversity based on market environment. The fund features one managed futures trend follower, QMS Capital Management, with another quantitative trader, Chicago-based PEAK6 Advisors LLC, running a relative value strategy, a statement from BlackRock, Inc. (NYSE:BLK) revealed.
The most significant strategy exposure in the fund is long / short fundamental stock investing,...
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