BlackRock is expanding its suite of alternative funds by launching the BlackRock Global Long/Short Equity Fund (BDMAX, BDMIX), which will bet on equity markets across the US and international developed markets.

The fund will be managed by a 12-member team led by Raffaele Savi, Managing Director, and a member of BlackRock’s Scientific Active Equity Investment Group, responsible for BlackRock’s North American, European, and Developed Market Equity Strategies. The fund will also will employ derivatives to lower volatility.

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