Fund of Hedge Funds

BlackRock targets institutions with pooled alternatives fund

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BlackRock has launched a pooled fund of alternatives that leverages BlackRock's expertise in alternative investments, including BlackRock Alternative Advisors.

The fund will invest across all alternatives, including hedge funds, funds of hedge funds, commodities, property and infrastructure, and will have the flexibility to invest in funds run by external managers as well as directly into BlackRock's own alternatives funds. In the long term, the allocation to funds of hedge funds will be between 10% and 35%, but will vary over time. The funds of funds allocation is going to two complementary strategies run by BlackRock Alternative Advisors but the