{"id":7593,"date":"2008-04-24T00:00:00","date_gmt":"2008-04-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackrock-misses-500-mln-target-for-fund-of-hedge-funds-feeder-vehicle","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2008\/blackrock-misses-500-mln-target-for-fund-of-hedge-funds-feeder-vehicle.html","title":{"rendered":"BlackRock misses $500 mln target for fund of hedge funds feeder vehicle"},"content":{"rendered":"<p>Forbes.com &#8211; BlackRock Inc. said on Thursday that it raised $275 million from the London listing of a fund of hedge funds feeder, short of the $500 million target it set in March. <\/p>\n<p>    BlackRock Absolute Return Strategies Ltd (BARS) is a closed-ended vehicle that provides access to the $11 billion BlackRock Alternative Advisors&#8217; Appreciation Strategy. This is the firm&#8217;s flagship fund of hedge funds strategy which has delivered positive annual returns to investors every year since its launch over 12 years ago.<\/p>\n<p> The amount raised from the listing of Jersey-domiciled BARS could increase to $284.5 million if an over-allotment option granted to UBS, the global coordinator and stabilising manager of the share placing is exercised. This option is is exercisable until May 24.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/markets\/feeds\/afx\/2008\/04\/24\/afx4927683.html\" target=\"_self\">Read Complete Article&nbsp;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes.com &#8211; BlackRock Inc. said on Thursday that it raised $275 million from the London listing of a fund of hedge funds feeder, short of the $500 million target it set in March. BlackRock Absolute Return Strategies Ltd (BARS) is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7593","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7593","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=7593"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7593\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}