BlackRock to Close its Oldest Hedge Fund
Posted on 10/26/2023
BlackRock Inc. made a key decision to close its first-ever hedge fund. The majority of its capital returned to investors by the end of November 2023. Obsidian was launched in July 1996 and it is one of BlackRock’s longest-standing financial products. The BlackRock Obsidian Fund is a global fixed income multi-strategy hedge fund. Some estimates…
