GLOBAL - BlackRock has launched a pooled alternatives fund for pension schemes, charities and other institutional investors.
It added alternative assets were increasingly popular as a way for pension schemes to diversify their portfolios.
BlackRock's multi-asset portfolio strategies group managing director Ewen Cameron Watt said: "We have seen increasing demand for a pooled solution which provides one-stop access to a diversified range of alternatives.
"Depending on the maturity of a pension scheme, we estimate that funds should allocate around 10-15% of total assets, or 25% of non bond assets, to alternatives."
The company said the fund would invest across the full spectrum of alternatives - including hedge funds, funds of hedge funds, commodities, property and infrastructure - and would have the flexibility to invest in funds run by external managers as well as directly into BlackRock's own alternatives funds.
It added clients would also have the option of investing in a BlackRock-managed private equity fund within the portfolio.
The fund will be managed by BlackRock's multi-asset portfolio strategies team.
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