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BlackRock Launching New Hedge Fund

Dec 20, 2013
Jing Chen

Investment firm BlackRock is looking to raise $3 billion for a new credit hedge fund.

Bloomberg reported that New York-based BlackRock began marketing the new fund, which looks to capture valuation anomalies and mispricings, in October with an initial target of $500 million.

Additional information regarding the new fund was not disclosed.

BlackRock manages about $103.4 billion in alternative strategies, including hedge funds, private equity and real estate. The firm has approximately $4.1 trillion in total assets.


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