BlackRock launches its first Ucits event-driven fund

The world’s largest asset manager, BlackRock, has launched what its first Ucits-compliant, event-driven fund in Europe.

Part of the BlackRock Strategic Funds range, the Global Event Driven Fund adds to the firm’s suite of liquid alternative Ucits funds.

The fund is managed by Mark McKenna, global head of event-driven equity at BlackRock, and focuses on investments across a wide spectrum of corporate events, from announced mergers, spin-offs and restructurings, to acquisitions and “collaborative activism”.

It will predominantly invest in equity securities as well as opportunistically across capital structures, making long, synthetic long and synthetic short investments across a diversified set of industries and sectors in developed markets.

Sheryl Needham, managing director of BlackRock alternatives specialists for Europe, says: “Investors are increasingly demanding all-weather investment solutions that provide a different set of returns to equities and bonds, reduce portfolio volatility, and offer downside protection.”

BlackRock has $4.72 trillion (€4.16 trillion) in assets under management and over $114 billion in alternative assets as of August 2015.

©2015 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST