Blackstone Alternative Multi-Strategy Y
BXMYX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10154 New York NY United States of America 10154
- IPO Date
- Jan 29, 2015
- Website
- bxmix.blackstone.com
- Similar Companies
- Business
- Blackstone Alternative Multi-Strategy Fund Class Y (BXMYX) is a multi-manager mutual fund that seeks capital appreciation by allocating assets among a diversified blend of non-traditional alternative investment strategies and sub-advisers managed by Blackstone Alternative Asset Management (BAIA). The fund employs a dynamic, open-architecture approach, investing across equity hedge, event-driven, macro/CTA, relative value arbitrage, catastrophe reinsurance, liquid credit, and real estate debt strategies; it utilizes tailored mandates, separate accounts, derivatives, short-selling, and opportunistic trades with affiliated and third-party sub-advisers including Blackstone Real Estate Special Situations Advisors L.L.C., Blackstone Liquid Credit Strategies LLC, Seiga Asset Management Limited, Nephila Capital, and Aeolus Capital Management. Assets are dynamically rotated based on proprietary insights from Blackstone's ecosystem, targeting diversification, volatility mitigation, and risk-adjusted returns less correlated to traditional markets; exposures span non-U.S. bonds, U.S. stocks, U.S. bonds, and other alternatives with global reach across developed and emerging markets. Launched in January 2015 and domiciled in the United States with administration in Greenwich, Connecticut, the fund operates primarily through Blackstone Inc., the world's largest alternative asset manager headquartered in New York, serving institutional and individual investors via daily liquidity. The Class Y share class, with net expense ratio of 3.75% and minimum initial investment of $0, supports a total net assets base exceeding $3.8 billion, of which the share class represents about $1.19 billion as of recent data. In recent developments, the fund added its first direct catastrophe bond investment in 2025 while maintaining allocations to specialist ILS managers like Aeolus Capital Management, reflecting strategic expansion into reinsurance-linked strategies. Portfolio managers were augmented with Stephen Zhu joining in January 2025, enhancing expertise amid Blackstone's broader platform growth, including robust AUM inflows to over $1.1 trillion firm-wide in 2024 and anticipated fee-related earnings acceleration in 2025. These changes align with Blackstone Multi-Asset Investing's (BXMA) ongoing evolution since 1995, leveraging scale for new exposures without major acquisitions or reorganizations specific to BXMYX.