BlackRock Systematic Multi-Strategy Fund
BAMBX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Bellevue Parkway Wilmington DE United States of America 19809
- IPO Date
- May 19, 2015
- CIK
- 0001332275
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Systematic Multi-Strategy Fund (BAMBX) is an open-end mutual fund that seeks total return comprised of current income and capital appreciation through a diversified mix of global assets and strategies using a systematic, credit-oriented approach. The fund employs three primary uncorrelated strategies: Directional Asset Allocation, which takes long-only positions in fixed-income assets to capture market upside while balancing interest rate and credit risk; Macro, which seeks to add value through tactical views across global interest rates, sectors, and curve relative value; and Systematic Credit Relative Value, focusing on opportunities in credit markets. It invests across fixed income securities including U.S. investment grade credit, non-agency mortgages, agency residential mortgages, U.S. high yield credit, non-U.S. credit, and emerging markets debt; equity securities such as common and preferred stocks; and derivatives like swaps, options, forwards, credit default swaps, and interest rate swaps; with allocations to sectors including consumer cyclical, industrials, technology, healthcare, and real estate, and regional exposure primarily in North America supplemented by Asia Pacific, emerging markets, and Europe. Launched on May 19, 2015, and domiciled in the United States, the fund is managed by BlackRock Investments, LLC, with a portfolio management team comprising Scott Radell and Tom Parker (since inception), Jeffrey Rosenberg (since October 2018), and Chad Meuse (since January 2023). As of June 30, 2025, the fund manages approximately $7.79 billion in assets, with the Investor A share class (BAMBX) sized at around $418 million, a net expense ratio of 1.20%, and a Morningstar Multistrategy category ranking. It offers multiple share classes including Institutional (BIMBX), Investor C (BMBCX), and Class K (BKMBX), targeting institutional and retail investors seeking lower correlation to equity and fixed-income markets. In recent developments, BlackRock expanded its liquid alternatives platform, which includes the Systematic Multi-Strategy Fund, by launching the iShares Systematic Alternatives Active ETF (IALT) on December 10, 2025, leveraging the same multi-strategy expertise and systematic platform to broaden access for investors. The fund traces its history to a predecessor fund that reorganized into it on September 17, 2018, and underwent a name change from Alternative Capital Strategies Fund effective January 4, 2019. These enhancements reflect BlackRock's ongoing strategic focus on scaling systematic investing capabilities powered by AI and data analytics across its $378 billion systematic platform.