BlackRock’s broad liquid alternatives platform brings together institutional hedge fund expertise and the accessibility of daily liquid mutual funds, seeking to deliver consistent returns across a range of market environments.
Designed to pursue returns through challenging markets
Seek to add sources of return beyond stocks and bonds to help manage outcomes across market cycles, particularly when dispersion creates opportunities for active management.
BlackRock offers liquid alternatives solutions for a range of client objectives. Schedule time with a BlackRock specialist to learn more about our products.
| Ticker | Product name | What is it? | Objective |
|---|---|---|---|
| Liquid alternatives | |||
| IALT | iShares Systematic Alternatives Active ETF | Multi-strategy alternative | Seeking to pursue total returns |
| PBAIX | Tactical Opportunities Fund | Global macro strategy | Aiming to capitalize on country-level dispersion |
| BDMIX | Global Equity Market Neutral Fund | Equity market neutral strategy | Seeking uncorrelated returns |
| BILPX | Event Driven Equity Fund | Event driven strategy | Looking to capture opportunity from corporate events |
Inside Alternatives brings together insights, education and portfolio resources designed for advisors. Explore the full hub for asset-class deep dives, CE courses and client-ready brochures.
See how liquid alternatives work, the techniques they employ and how they aim to diversify portfolios and improve risk-adjusted returns.
The traditional 60/40 portfolio of stocks and bonds is under pressure. Learn how liquid alternatives can help rebuild resilience.
Learn how active ETFs help investors pursue consistent returns across market cycles with an innovative, multi-strategy approach in an accessible ETF wrapper.
1. BlackRock, as of 06/30/2026. Includes hedge funds and hedge fund solutions (funds of funds). Liquid alternative assets at BlackRock across reported AUM and non-fee-paying committed capital, co-investments and market related gains on invested assets.
2. BlackRock as of 03/31/2026
3. Asset allocation and diversification strategies do not guarantee a profit and may not protect against loss.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting BlackRock Fund prospectus page. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
This material is strictly for illustrative, educational, or informational purposes and is subject to change. There can be no assurance that an investment strategy based will be successful. Incorporating alternative investments into a portfolio presents the opportunity for significant losses including in some cases, losses which exceed the principal amount invested. Also, some alternative investments have experienced periods of extreme volatility and in general, are not suitable for all investors. Asset allocation and diversification strategies do not ensure profit or protect against loss in declining markets.
The Funds are actively managed and do not seek to replicate the performance of a specified index. The Funds’ characteristics may vary over time, may experience higher portfolio turnover, and may charge higher fees than index funds due to increased trading and research expenses. There is no guarantee that a Fund will meet its investment objective.
Stock and bond values fluctuate in price, and the value of an investment may decline depending on market conditions. Fixed income investments are subject to interest-rate and credit risk. Typically, when interest rates rise, the value of debt securities declines. Credit risk refers to the possibility that an issuer will not be able to make principal and interest payments.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks may be heightened for investments in emerging or developing markets, or in concentrations of single countries.
The Funds may use derivatives to hedge investments or seek to enhance returns. Derivatives may reduce returns and/or increase volatility and are subject to risks relating to liquidity, leverage, credit, counterparty exposure and unanticipated market movements. Losses related to derivative positions may be substantial and, in some cases, potentially unlimited. There can be no assurance that hedging transactions will be effective.
Short selling entails special risks. If a Fund sells securities short and those securities increase in value, the Fund will lose value. Any loss on short positions may or may not be offset by investments made with short-sale proceeds.
Alternative investments and strategies, including long/short and event driven strategies, may involve significant losses, including the possible loss of the full amount invested, and may experience periods of extreme volatility. Alternative investments may be less liquid than traditional securities. Event driven strategies depend on the successful prediction of whether corporate events or other catalysts will occur or be finalized; changes in status or delays may affect security prices and result in losses.
Investing in commodity-linked derivatives and commodity-related companies may increase volatility. Commodity price movements are outside of a Fund’s control and may be influenced by weather and climate conditions, livestock disease, war, terrorism, political conflicts, economic events, interest rates, currency and exchange rates, government regulation and taxation. Commodity futures trading may be illiquid, and suspensions or disruptions in commodities or related futures markets may adversely affect the value of a Fund.
Investing in digital assets involves significant risks due to extreme price volatility and the potential for loss, theft or compromise of private keys. The value of digital assets may be affected by acceptance, industry developments, governance changes, market sentiment, and disruptions to the internet or digital asset networks.
There is no guarantee that the use of quantitative models will result in effective investment decisions for a Fund.
Companies involved in artificial intelligence may face risks related to reliance on large data sets, data inaccuracies, competition, rapid obsolescence, demand across industries and regulatory scrutiny. Country-specific regulations may also affect AI and big data companies.
Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market.
Diversification, asset allocation and asset allocation strategies do not assure a profit, protect against market risk or prevent loss of principal.
Investing in small- and mid-cap companies may involve greater risk than investing in large-cap companies due to shorter operating histories, less seasoned management or lower trading volumes.
Prepared by BlackRock Investments, LLC, member FINRA.
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