BlackRock is to launch an absolute return equity fund able to invest across both North and South America later this quarter.
Co-managed by Raffaele Savi and Travis Cooke, members of BlackRock's scientific active equity team, the BlackRock Americas Diversified Equity Absolute Return fund will take long and short positions across a universe of between 2,000 and 3,000 stocks. At least 70% of the fund's investment exposure will be via equities and equity-related securities, giving exposure to companies listed in the US. All stocks in the investable universe are ‘scored' on a daily basis in order to assess to what degree they possess outperforming characteristics. Scores from each individual stock selection sign...
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