is staying away from hedge funds, at least for now. Robert Doll Jr.
, chief investment officer for global equities, told the Wall Street Journal
's Daisy Maxey
that BlackRock's large cap team "struggled a lot with portfolio construction
" (separate login required) for a possible hedge fund and that they're instead focusing on their soon-to-launch BlackRock Large Cap Core Plus Fund
(and its 130/30 long-short strategy), unveiled early this month. (See "BlackRock Dolls Up a New 130/30 Fund
", June 6, 2007.)
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