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Welcome to the BlackRock site for financial intermediaries
Before you proceed, please take a moment to review and accept the Terms and Conditions below.
Financial Intermediaries
On this website, Financial Intermediaries are investors that qualify as both a Professional Client and a Qualified Investor.
A person who can both be classified as a professional client under the Markets in Financial Instruments Directive II (2014/65/EU, “MiFID”), as implemented in Finland, and a qualified investor under the Prospectus Regulation (EU) 2017/1129) will generally need to meet one or more of the following requirements:
(1) it is required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) a credit institution;
(b) an investment firm;
(c) a stock exchange;
(d) an insurance company;
(e) a collective investment scheme or the management company of such a scheme;
(f) a pension insurance company, a pension foundation or a pension fund;
(g) a central securities depository or central counterparty;
(h) a commodity or commodity derivatives dealer;
(i) a local;
(j) any other institutional investor;
(2) it is a large undertaking that meets two of the following tests: (i) a balance sheet total of EUR 20,000,000; (ii) an annual net turnover of EUR 40,000,000; or (iii) own funds of EUR 2,000,000;
(3) it is a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organization;
(4) a institutional investor whose main activity is to invest in financial instruments, including an entity dedicated to the securitisation of assets or other financing transactions;
(5) a natural person resident in an EEA State that permits the authorisation of natural persons as professional clients and qualified investors, who expressly asks to be treated as a professional client and a qualified investor and who meets at least two of the following criteria: (i) he/she has carried out transactions, in significant size, on securities markets at an average frequency of, at least, 10 per quarter over the previous four quarters before the application, (ii) the size of his/her financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500,000, (iii) he/she works or has worked for at least one year in the financial sector in a professional position which requires knowledge of securities investment.
Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can both be classified as a professional client under MiFID and classed as a qualified investor under the Prospectus Regulation then you should seek independent advice.
Terms and conditions
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
Please note that you are required to read and accept the terms of our Privacy Policy before you are able to access our websites.
Once you have confirmed that you agree to the legal information in this document, and the Privacy Policy – by indicating your consent above – we will place a cookie on your computer to recognise you and prevent this page reappearing should you access this site, or other BlackRock sites, on future occasions. The cookie will expire after six months, or sooner should there be a material change to this important information.
By confirming that you have read this important information, you also:
(i) Agree that such information will apply to any subsequent access to the Individual Investors (or Institutions / Intermediaries) section of this website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein; and
(ii) Warrant that no other person will access the Individual investors section of this website from the same computer and logon as you are currently using.
The offshore funds described in the following pages are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
The funds described have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for these funds has been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of shares in Canada. No person resident in Canada for the purposes of the Income Tax Act (Canada) may purchase or accept a transfer of shares in the funds described unless he or she is eligible to do so under applicable Canadian or provincial laws.
Applications to invest in any fund referred to on this site, must only be made on the basis of the offer document relating to the specific investment (e.g. prospectus, simplified prospectus, key investor information document or other applicable terms and conditions).
As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus or other constitutional document.
If you are unsure about the meaning of any information provided please consult your financial or other professional adviser.
The information contained on this site is subject to copyright with all rights reserved. It must not be reproduced, copied or redistributed in whole or in part.
The information contained on this site is published in good faith but no representation or warranty, express or implied, is made by BlackRock (Netherlands) B.V. (“BNBV”) or by any person as to its accuracy or completeness and it should not be relied on as such. BNBV shall have no liability for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential. No information on this site constitutes investment, tax, legal or any other advice.
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You may leave the BNBV website when you access certain links on this website. In so doing, you may be proceeding to the site of an organisation that is not regulated. BNBV has not examined any of these websites and does not assume any responsibility for the contents of such websites nor the services, products or items offered through such websites.
BNBV shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.
Risk Warnings
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information. Investment should be made on the basis of the relevant Prospectus which is available from the manager.
For your protection, telephone calls and/or other electronic communications which result in, or are intended to result in, transactions will be recorded or saved.
Investors should read the offering documents for further details including the risk factors before making an investment.
Please note that while some of the BlackRock funds are "ring-fenced", others form part of a single company and are not. For BlackRock funds that do not have segregated liability status, in the event of a single BlackRock fund being unable to meet liabilities attributable to that BlackRock fund out of the assets attributable to it, the excess may be met out of the assets attributable to the other BlackRock funds within the same company. We refer you to the Prospectus or other relevant terms and conditions of each BlackRock fund for further information in this regard.
The views expressed herein do not necessarily reflect the views of BlackRock as a whole or any part thereof, nor do they constitute investment or any other advice.
Any research found on these pages has been procured and may have been acted on by BlackRock for its own purposes.
This site is operated and issued by BNBV which is authorised and regulated by the Autoriteit Financiële Markten («AFM»). You can gain access to the AFM website from the following link: www.afm.nl. BlackRock (Netherlands) B.V. is a company registered in the Netherlands, No. 17068311. Registered Office: Amstelplein 1, 1096 HA, Amsterdam. BlackRock is a trading name of BlackRock (Netherlands) B.V. VAT No 007883250. General enquiries about this website should be sent to EMEAwebmaster@blackrock.com. This email address should not be used for any enquiries relating to investments.
©2024 BlackRock, Inc. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.
Unlocking opportunities with liquid alternative investments
As market dynamics continue to evolve, the role of liquid alternatives in portfolios has become increasingly vital. These strategies offer the potential to enhance portfolio resilience by tapping into diverse and uncorrelated sources of return.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Why liquid alternatives?
Seeks to deliver consistent investment outcomes
Liquid alternative strategies aim to provide consistent returns across market cycles by tapping into differentiated return drivers. By seeking sources of return that are less correlated—or even negatively correlated—with traditional markets, these strategies can enhance portfolio diversification and potentially improve risk-adjusted outcomes.
Risk: Diversification and asset allocation may not fully protect you from market risk.
Mitigating downside risk
Liquid alternative strategies are designed to help cushion portfolios during market downturns. By maintaining a low beta to equities, these strategies can offer meaningful diversification when traditional markets decline—providing critical downside protection precisely when it’s needed most.
Risk: Risk management cannot fully eliminate the risk of investment loss.
Enhancing diversification
Incorporating a diverse mix of liquid alternative strategies can help create a more resilient portfolio.
Hedge Fund Outlook
As markets shift and diversifiers weaken, our Hedge Fund Outlook highlights why we believe investors are enhancing adaptability and scale to seize alpha in today’s opportunity-rich landscape.
Raffaele Savi: Something very interesting is happening to investment management.
In the last 40 years, the largest managers have systematically, substantially outperformed smaller managers. And I think that the two reasons why that that's been true, one is the role of technology. So as investment processes are becoming more and more efficient at absorbing information and leveraging information and building systems that can scale and multiply the value of those insights, whether it's generative AI where these models are getting larger and larger, or whether it's technology firms where in the last 10 years, there's been the emergence of the trillion dollar market cap firm. The ability to do this at scale is an important advantage.
Source: HFR. Larger managers are defined as those in the first quartile of HFR by AUM. As of August 31, 2024. For illustrative purposes only. The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results. Performance period is from July 31, 2004–July 31, 2024.
Investment skill at scale
At BlackRock, we empower our hedge fund investors to operate seamlessly at scale. We harness expertise, global reach, and proprietary technology to deliver solutions across geographies, asset classes, and investment styles. Discover the advantages of investing at scale with Raffaele Savi, Global Head of BlackRock Systematic.
BlackRock Liquid Alternative Platform
BlackRock offers a comprehensive range of liquid alternative strategies across: fundamental and systematic, equity, fixed income, multi-strat, macro and event-driven, diversified, regional and sector-specific, commingled funds, custom solutions and co-investments.
BlackRock’s platform supports our managers to maximize their performance and operate at scale through:
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Our trading operations span every asset class, with over $1 trillion1 in securities traded daily, giving our liquid alts teams access to better pricing and liquidity, tighter execution spreads through internal matching and access to market insights from specialist traders.
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Our scale enables 57% realized annual execution cost savings for Fixed Income, and 22% for equity2, enabling BlackRock to offer competitive fees.
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BlackRock Capital Markets is our central deal engine to originate unique transactions, negotiate attractive pricing and allocation across 6,000+ deals sourced annually.3
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BlackRock's extensive corporate relationships enables 1.5 times more access to C-suite executives compared to brokers4.
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Leveraging the collective intelligence of BlackRock’s 5,500+5 investment professionals.
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Over 3,0006 risk factors monitored daily by Aladdin our portfolio and risk management technology.
There is no guarantee that a positive investment outcome will be achieved. While proprietary technology platforms may help manage risk, risk cannot be eliminated.
Notes: All $ figures refers to USD.
Source
1 BlackRock, 31 March 2025.
2 BlackRock analysis of all Fixed Income High Yield and Investment Grade Credit, FX, and Equity trades including derivatives for 2024 as of June 30, 2024. BlackRock Execution Cost is the average difference between: the actual price achieved on the trade and the benchmark price. For Equity and FX, benchmark price is the market price, based on exchange data at the time when the PM submitted the order. For Fixed Income, benchmark price is the previous day’s closing price. The Market Half Spread (or Expected Cost) is an estimate of the average execution cost of a market participant. For Fixed Income, Market Half Spread is estimated quarterly for each sector and maturity bucket based on a consensus opinion of BlackRock traders as well as a set of over 10 broker dealers.
3 BlackRock as at 31 March 2025. Number of deals sourced in FY2024 through BCM and investment teams. Retrieved from eFront.
4 BlackRock, FY2024 figure.
5,6 BlackRock, as of 31 March 2025.
Our team of experts
Our investors have an unrelenting focus on generating alpha for our clients. By leveraging diverse backgrounds and approaches, our experts collaborate with portfolio construction and risk management teams to develop strategies focused on consistent alpha generation, regardless of market conditions.
Philip Green
Head of Global Tactical Asset Allocation
Raffaele Savi
Global Head of BlackRock Systematic and Co-CIO and Co-Head of BlackRock’s Systematic Equities
Mark McKenna
Founder and Global Head of Event Driven
David Trucano
Managing Director, Fundamental Credit
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