Chief equity strategist Robert Doll will co-manage the new large-cap offering.
|Bob Doll (Source: Bloomberg)|
BlackRock, the world’s largest asset manager, is now running a U.S. equity hedge fund.
The BlackRock Large Cap Series Hedge Fund launched January 1 and managed $5 million as of January 31, according to a short profile written by Citigroup’s capital introductions group. A more recent figure was unavailable and a spokesperson for BlackRock declined to comment.
BlackRock managed $3.51 trillion overall at yearend, including $28 billion in single manager hedge fund assets. The new fund, however, is the first to focus on U.S. stocks and fills an obvious gap given BlackRock’s