BMACS is a centre of excellence for asset allocation and portfolio management. In addition to passive solutions management, we offer a variety of active asset allocation strategies that seek to dynamically position portfolios for growth and diversification. Our strategies fall into two broad groupings:

  • Absolute return: These strategies aim to generate high risk-adjusted returns regardless of the market environment. These include pure alpha strategies that combine active BlackRock products and leverage manager skill, as well as strategies that use a blend of active and market exposures to deliver on total return objectives.
  • Relative return: Investment strategies that draw on our expertise in tactical asset allocation and seek to outperform multi-asset policy benchmarks. These are highly customized strategies that can accommodate a variety of client-specified benchmarks, guidelines and restrictions.
Investment Strategies

Absolute Return Strategies

Multi-asset "optimal beta" - Seeks to provide equity-like returns with lower volatility using a better balance of rewarded risks than traditional asset allocation.
Diversified alternatives - Seeks to maximize absolute returns by investing across a variety of model-driven, active trading strategies with low correlations to traditional asset classes.
Multi-strategy hedge funds - Offers the best of BlackRock hedge fund alpha, diversified across multiple strategy types and managed dynamically to seek consistent returns.
Hedged equity "portable alpha" - Seeks to provide a liquid, diversified and unlevered source of alpha by investing across a set of BlackRock, active long-only equity strategies while hedging underlying market exposures to the desired index.
Relative Return Strategies Global multi-asset tactical - Flexible total portfolio solutions that seek to deliver customized market exposures and consistent outperformance. These strategies use high-quality, top-down asset allocation insights that leverage the best ideas from across the organization.

 

Featured Literature

The Four Demons, Investment Insights, October 2008

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