BlackRock sees strong start for new European equity fund


BlackRock, the $3.5 trillion global investment giant, is understood to be seeing considerable investor interest in its latest European hedge fund launch – the Blackrock European Hedge Fund managed by highly-rated manager Alister Hibbert.

The new long/short European equity strategy was given a very low-profile start in December 2011 and has performed strongly so far this year – generating results in the mid-teens with low net exposure. It began with internal seed capital, but assets are believed to be growing rapidly.

Hibbert is best-known as the manager of the long-only BlackRock European Dynamic fund, an £869 million long-only