MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 26, 2007 BlackRock: Why Hedge When You Can Fund a Long-Short? BlackRock is staying away from hedge funds, at least for now. Robert Doll Jr., chief investment officer for global equities, told the Wall Street Journal's Daisy Maxey that BlackRock's large cap team "struggled a lot with portfolio construction" (separate login required) for a possible hedge fund and that they're instead focusing on their soon-to-launch BlackRock Large Cap Core Plus Fund (and its 130/30 long-short strategy), unveiled early this month. (See "BlackRock Dolls Up a New 130/30 Fund", June 6, 2007.) Printed from: MFWire.com/story.asp?s=14862 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |