Blackrock Style Advantage
The BlackRock Style Advantage Fund is designed to provide attractive, diversified risk-adjusted returns with low correlation to the major equity and bond markets. The fund invests in a diverse set of long/short portfolios, each of which represents exposure to a specific “style factor” that has been proven to outperform over long time periods of time.
These style factors include value – the tendency for fundamentally cheap assets to outperform relatively expensive ones; momentum – the tendency for an asset’s recent relative performance to continue in the near future (i.e. gains tend to follow gains and losses tend to follow losses); carry – the tendency of higher-yielding assets to provide higher returns than lower-yielding assets; and quality – the tendency for assets with more predictable future cash flows to outperform those with more volatile cash flows.
Style factors result from structural, behavioural, or risk premia differences within and across asset classes. These factors are represented across equities, fixed income and currencies.
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Fund Manager: Ked Hogan & Philip Hodges
Ked Hogan, PhD: Managing Director, FBSG Head of Investments
Dr. Hogan’s service with the firm dates back to 1997, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Previously, Dr. Hogan has served as the head of Thematic Equity Investing for SAE, and as the Head of Equity and Emerging Market Research in GMSG. Prior to joining BGI, Dr. Hogan was a professor of finance at McGill University. He has published in many academic journals including the Journal of Finance, the Journal of Financial Quantitative Analysis and the Journal of International Economics. In addition, Dr. Hogan was rewarded the William Sharpe award for the best paper of 2007 in the Journal of Financial Quantitative Analysis. Dr. Hogan earned a BA degree and PhD both in economics from Arizona State University in 1982 and 1990, respectively.
Philip Hodges, PhD: Managing Director, FBSG Head of Research
Dr. Hodges’ service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Previously, Dr. Hodges has served as a research officer within the Client Solutions group in San Francisco and a quantitative analyst within the Liability Driven Investment team in London. Prior to joining BGI, Dr. Hodges was a post-doctoral research associate in physical chemistry at the University of Oxford and University Lyon I. Dr. Hodges earned a MChem degree, with honors, in chemistry and a D.Phil. in molecular spectroscopy from the University of Oxford in 2002 and 2006, respectively.
Fund Group: BlackRock
BlackRock is considered as the world largest asset manager in the world, with $4.72 trillion assets under management (as of June 2015). Founded in 1988 and widely recognised for its expertise in all asset classes, BlackRock Asset Management grew organically and by acquisitions such as Merrill Lynch Investment Managers in 2006 and Barclays Global Investors in 2009.
BlackRock employees over 1,800 investment professionals, and has a presence in 30 countries worldwide creating a truly global asset management business, with unrivalled access to local and national financial intermediaries.