“BlackRock delivers factor-based strategies across a variety of asset classes and investment products, including Style Advantage," said Ed Sweeney, a BlackRock spokesman. "We offer clients a full range of hedge funds priced along a continuum to deliver the value clients expect.”
Style Advantage, which is managed by Ked Hogan, has produced a 4.5 percent annualized return since inception. It makes long and short bets based on factors like momentum in equities, fixed income, currencies and commodities markets.
This article was provided by Bloomberg News.