BlackRock Winding Down Global Macro Hedge Fund After Losses

  • Assets have dropped below $1 billion from $4.6 billion in 2013
  • Fund slumped 14.5% this year through May before paring losses

Why BlackRock Is Shutting Down Global Macro Hedge Fund

BlackRock Inc., the world’s largest asset manager, is winding down a global macro hedge fund after losses and investor redemptions eroded assets.

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