Swerve BlackRock global macro hedge Fund due to losses


Moscow. November 19. The world’s largest asset management company BlackRock collapses the global hedge Fund bazerbachi your strategy on macroeconomic data, as the assets are depreciated because of losses and the flight of investors, writes Bloomberg.

Loss Fund BlackRock Global Ascent since the beginning of 2015 amounted to 9.4%, from the October material for investors, and by year-end, the Fund may show the worst results since its inception in 2003. The Fund’s assets, just two years ago amounting to us $4.6 bn by 1 November had fallen below $1 billion, said a person familiar with the information source.

In the first quarter loss amounted to 12.3% in January-may to 14.5%, but then played a bit of the fall.

Earlier this year, hedge Fund, macro strategy closed Fortress Investment Group LLC and Bain Capital. Just in the first half of the work ceased 417 hedge funds, according to Hedge Fund Research Inc.

During its existence BlackRock Global Ascent three times fixed annual loss of 2.9% in 2004, about 7% in 2008 and 2011. For the past four years, profits grew by only 1.4% per year.

BlacRock manages assets of $4.5 trillion worldwide, the bulk of assets accounted for by exchange-traded funds (ETFs).