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March 2, 2024
PI Global Investments
Hedge Funds

BlackRock Hedge Fund Trader Once Paid More Than Larry Fink Gains 16%

BlackRock Inc.’s star hedge fund manager Alister Hibbert posted double-digit gains in a strong period for stock pickers, bouncing back from his worst-ever annual losses the year before.

The BlackRock Strategic Equity Hedge Fund made 16% in 2023, its best in three years, according to a person with knowledge of the matter and an investor letter seen by Bloomberg. The strategy, which managed $9.6 billion at the end of November, had lost 12% in 2022, the person said, asking not to be identified because the information is private.

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