Passive fund giant BlackRock has launched an absolute return fund that will invest in what it calls ‘emerging’ UK companies.
The fund has a long-short equity strategy focused on opportunities in emerging companies, including small, mid and large capitalisation companies at the early stage of their life cycle – or which are expected to experience significant growth.
The fund also has the remit to invest in international companies, increasing its addressable market.
It will form part of BlackRock’s High Conviction Alpha suite of active equity funds, which provide absolute return exposures to clients seeking pure alpha returns with low correlation to market indexes.
The fund will be managed by Dan Whitestone, supported by portfolio manager Nick Little and BlackRock’s wider UK team.
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