Key Takeaways
- • The available source material does not document BlackRock's liquidation of its first hedge fund; the only retrievable content is a 2026 hedge fund industry outlook published by Within Intelligence, which is dated after the story's 2023-10-25 date.
- • The Within Intelligence outlook forecasts industry AuM reaching $5 trillion by 2027, and says 344 funds were in development in the first nine months of 2025, the most since Covid-19.
- • Institutional allocators are building non-directional sleeves, with pensions such as CalPERS, Ohio's public pensions and Alaska's SWF reconsidering hedge fund exposure.
Summary
The original Hedgeweek article, headlined "BlackRock to liquidate its first hedge fund," could not be retrieved, so this summary cannot confirm the fund's name, size, strategy, or the reasons for the liquidation. Readers should consult the original report for those details.
The supplemental material available is a Within Intelligence outlook titled "Hedge Fund Outlook 2026: Route to $5 Trillion Accelerates." It does not reference BlackRock or the liquidation. It describes a strong 2025 for hedge funds, with the industry on track for its strongest year of inflows since 2017 and AuM forecast to reach $5 trillion by 2027. The report attributes this to allocators building out non-directional sleeves and to rising launch activity.
The outlook also identifies allocator trends, including Ohio's two largest public pensions, CalPERS's proposed reintroduction of risk-mitigating hedge funds, Alaska's $85 billion SWF, and Norges Bank's first foray into long/short equity. It notes that the growth of separately managed accounts and multi-manager platforms is reshaping the market.
Because the supplemental source is dated and concerns a different set of events, it should not be read as context for the BlackRock liquidation.
The supplemental material available is a Within Intelligence outlook titled "Hedge Fund Outlook 2026: Route to $5 Trillion Accelerates." It does not reference BlackRock or the liquidation. It describes a strong 2025 for hedge funds, with the industry on track for its strongest year of inflows since 2017 and AuM forecast to reach $5 trillion by 2027. The report attributes this to allocators building out non-directional sleeves and to rising launch activity.
The outlook also identifies allocator trends, including Ohio's two largest public pensions, CalPERS's proposed reintroduction of risk-mitigating hedge funds, Alaska's $85 billion SWF, and Norges Bank's first foray into long/short equity. It notes that the growth of separately managed accounts and multi-manager platforms is reshaping the market.
Because the supplemental source is dated and concerns a different set of events, it should not be read as context for the BlackRock liquidation.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.