Eight subadvisers have been hired to manage the yet-to-be launched BlackRock Multi-Manager Alternatives Fund, according to a filing with the SEC.
The subadvisory firms identified in BlackRock's filing are:
- multistrategy hedge fund managers Benefit Street Partners and Carl M. Loeb Advisory Partners;
- long/short equity hedge fund manager Independence Capital Asset Partners;
- long/short credit hedge fund manager MeehanCombs;
- relative value hedge fund manager Peak6 Advisors;
- quantitative global macro hedge fund manager QMS Capital Management;
- volatility-focused hedge fund manager Saiers Capital; and
- securitized investments specialist LibreMax Capital.
The mutual fund's manager-of-managers portfolio will be co-managed by BlackRock managing directors Mark Everitt, Albert Matriotti, David Matter and Edward Rzeszowski, the SEC filing said.
Brian Beades, a BlackRock spokesman, did not return a call by press time seeking the launch date for the Multi-Manager Alternatives Fund.