{"id":6220,"date":"2007-06-20T00:00:00","date_gmt":"2007-06-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackrock-sets-sights-on-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2007\/blackrock-sets-sights-on-hedge-funds.html","title":{"rendered":"BlackRock Sets Sights on Hedge Funds"},"content":{"rendered":"<p>  Financial News Online US- <span class=\"intro\"><a class=\"keywordsearch\" href=\"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=BlackRock\">BlackRock<\/a> said it will buy small stakes in  startup hedge funds as traditional fund companies try to replicate the flourishing returns from alternative asset managers.<\/span><\/p>\n<p>  <span class=\"storytext\">BlackRock executive <a class=\"keywordsearch\" href=\"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Howard+Berkowitz\">Howard Berkowitz<\/a>, who heads the asset  manager&#8217;s hedge fund group, told a Monaco conference that his company would seek to invest in young alternative assets managers in order to &#8220;be on the ground floor and be able to get a great rate  of return.&#8221;<\/span><\/p>\n<p>  <span class=\"storytext\">Hedge funds have been hotly pursued by financial services firms: 25 alternative asset managers raised $10bn (\u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac7.4bn) in the past 12 months by selling ownership  stakes.<\/span><\/p>\n<p>  <span class=\"storytext\">Traditional asset managers, particularly, have struggled to imitate the dramatic returns earned by hedge funds through a variety of methods. Some have established their own  internal alternative asset investment groups, as BlackRock has done.<\/span><\/p>\n<p>  <span class=\"storytext\">Old-line fund managers have also put over $30bn (\u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac22.5bn) in a relatively new investment method that allows them to short stocks as hedge funds do. The method is called  130\/30 investing partly because it allows fund managers to short sell 30% of their portfolios, and it has attracted asset managers including <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=State+Street+Global+Advisors\">State Street Global Advisors<\/a> and <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Barclays+Global+Investors\">Barclays Global Investors<\/a>, according to data from <a class=\"keywordsearch\" href=  \"http:\/\/www.financialnews-us.com\/?page=ushome&amp;keywordsearch=Pension+&amp;+Investments\">Pension &amp; Investments<\/a>. State Street alone has $6bn invested in 130\/30 strategies and their  variations.<\/span><\/p>\n<p><strong><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/5-0&amp;fd=R&amp;url=http:\/\/www.financialnews-us.com\/%3Fpage%3Dushome%26contentid%3D2448072775&amp;cid=1117414409&amp;ei=xed4RuXXDY3UqQPQl80n\">ReadComplete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial News Online US- BlackRock said it will buy small stakes in startup hedge funds as traditional fund companies try to replicate the flourishing returns from alternative asset managers. BlackRock executive Howard Berkowitz, who heads the asset manager&#8217;s hedge fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6220","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6220"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6220\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}