BlackRock raises its alternatives play

Matthew Botein outlines to FN the new strategic thinking of the world’s largest fund manager

At any other fund manager Matthew Botein would be one very big fish in a very big pond. As head of BlackRock Alternative Investors, with $115bn under management, he is among the most powerful executives at the world’s largest fund manager.

Humbly, he describes himself as a goldfish - although he doesn't argue with the size of the pond. Botein, 38, a former hedge fund manager, started his career in private equity at The Blackstone Group and then moved to Highfields Capital, a Boston-based hedge fund, where he worked for six and a half years and got to know BlackRock as an investor.

WSJ Logo