BlackRock launches absolute return strategy

Fund giant BlackRock has launched an absolute return fund to tackle the “interesting times” investors are facing, it announced on Friday.

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The BSF Macro Opportunities Fund is aimed at high net worth investors and wealth managers and is being sold as an alternative to traditional risk asset exposures.

It provides long/short multi-asset exposure and will be led by Stuart Spodek alongside Yoni Saposh and a team dedicated to managed absolute return portfolios.

Spodek said he believed global growth had some way to run.

“We are living in interesting times as investors,” he said. “The global growth backdrop appears constructive and we believe has some runway, yet we expect the gradual unwind of highly accommodative central bank policies alongside potential for fiscal policy measures, particularly in the US, will have implications across markets.”

“Going forward, we believe adopting a flexible, dynamic, long/short approach to investing across markets can help investors achieve better outcomes.”

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