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BlackRock mulls UK-listed fund of hedge funds

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Date: Tuesday 11 Mar 2008

LONDON (ShareCast) - BlackRock Investment Mgt (UK) Limited is mulling the launch of a new closed-ended fund of hedge funds to be listed on the London Stock Exchange.

It expects BlackRock Absolute Return Strategies (BARS) to be launched during the first half of 2008 subject to market conditions.

The fund is intended provide investors with access to BlackRock Alternative Advisors' flagship Appreciation Strategy, which has a track record of over 12 years and around $11bn in assets under management.

There was no news on how much the new fund is planning to raise.