BXMIX: Blackstone Alternative Multi-Strategy Fund - MutualFunds.com
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.
Not interested

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Blackstone Alternative Multi-Strategy I

BXMIX - Snapshot

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $5.1 B
  • Holdings in Top 10 12.6%

52 WEEK LOW AND HIGH

$10.36
$8.75
$10.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 193.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

Compare BXMIX to Popular Diversified Alternatives Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Blackstone Alternative Multi-Strategy Fund

Fund

$10.39

+0.29%

$5.10 B

3.07%

$0.32

1.46%

2.79%

BlackRock Systematic Multi-Strategy Fund

Fund

$10.12

+0.10%

$4.23 B

1.31%

$0.13

0.20%

1.29%

Goldman Sachs Absolute Return Tracker Fund

Fund

$9.93

-0.90%

$3.32 B

0.10%

$0.01

0.10%

0.87%

BNY Mellon Global Real Return Fund

Fund

$16.43

-0.73%

$3.14 B

1.40%

$0.23

-0.84%

1.00%

Catalyst/Millburn Hedge Strategy Fund

Fund

$32.60

-0.58%

$2.65 B

3.69%

$1.21

5.64%

2.19%

BXMIX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Blackstone Alternative Multi-Strategy Fund
  • Fund Family Name
    Blackstone
  • Inception Date
    Jun 16, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Sullens

BXMIX - Performance

Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -73.0% 14.8% 36.97%
1 Yr 1.1% -20.1% 45.3% 77.06%
3 Yr 2.3%* -12.0% 15.9% 63.64%
5 Yr 3.7%* -5.5% 15.0% 45.70%
10 Yr N/A* -0.7% 7.3% N/A

* Annualized

Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
2020 -4.1% -22.7% 305.1% 77.45%
2019 3.0% -9.8% 27.3% 65.22%
2018 -3.4% -20.8% 10.9% 14.35%
2017 5.1% -12.4% 29.4% 24.38%
2016 0.9% -10.5% 15.8% 45.79%

Total Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -73.0% 14.8% 36.97%
1 Yr 1.1% -20.1% 45.3% 69.18%
3 Yr 2.3%* -12.0% 15.9% 56.92%
5 Yr 3.7%* -5.5% 15.0% 40.72%
10 Yr N/A* -0.7% 7.3% N/A

* Annualized

Total Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
2020 -4.1% -22.7% 305.1% 77.45%
2019 3.0% -9.8% 27.3% 66.01%
2018 -3.4% -20.8% 10.9% 20.43%
2017 7.2% -8.4% 29.4% 22.89%
2016 1.3% -10.2% 18.0% 52.11%

NAV & Total Return History

BXMIX - Holdings

Concentration Analysis

BXMIX Category Low Category High BXMIX % Rank
Net Assets 5.1 B 1.49 M 5.1 B 0.73%
Number of Holdings 4377 4 4377 0.70%
Net Assets in Top 10 703 M -107 M 2.55 B 9.51%
Weighting of Top 10 12.55% 9.9% 100.0% 97.73%

Top 10 Holdings

  1. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  2. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  3. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  4. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  5. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  6. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  7. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  8. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  9. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%
  10. Ejf Debt Opportunities Offshore Fund, Ltd. 3.80%

Asset Allocation

Weighting Return Low Return High BXMIX % Rank
Bonds 		49.81% -472.40% 14620.47% 21.13%
Cash 		20.51% -14547.30% 550.79% 60.56%
Other 		18.94% -2.43% 145.27% 16.55%
Stocks 		9.92% -5.86% 97.95% 78.87%
Convertible Bonds 		0.82% 0.00% 87.52% 32.39%
Preferred Stocks 		0.00% -0.12% 45.43% 72.18%

Stock Sector Breakdown

Weighting Return Low Return High BXMIX % Rank
Financial Services 		56.07% 0.00% 58.44% 1.52%
Healthcare 		8.88% 0.00% 47.53% 78.71%
Consumer Cyclical 		8.62% 0.00% 29.68% 82.13%
Consumer Defense 		5.98% 0.00% 16.49% 49.43%
Technology 		5.88% 0.00% 100.00% 95.06%
Industrials 		4.61% 0.00% 24.55% 90.87%
Communication Services 		2.71% 0.00% 21.78% 93.92%
Utilities 		2.24% 0.00% 13.93% 69.96%
Energy 		2.18% 0.00% 100.00% 55.51%
Real Estate 		2.12% 0.00% 51.26% 58.94%
Basic Materials 		0.70% 0.00% 27.46% 91.25%

Stock Geographic Breakdown

Weighting Return Low Return High BXMIX % Rank
US 		10.25% -24.65% 91.88% 65.14%
Non US 		-0.33% -8.21% 42.11% 93.66%

Bond Sector Breakdown

Weighting Return Low Return High BXMIX % Rank
Cash & Equivalents 		34.60% 0.27% 100.00% 56.34%
Securitized 		31.45% 0.00% 56.83% 7.75%
Government 		18.86% 0.00% 81.98% 48.24%
Corporate 		14.30% 0.00% 88.09% 45.07%
Municipal 		0.60% 0.00% 26.35% 10.92%
Derivative 		0.19% 0.00% 88.81% 60.21%

Bond Geographic Breakdown

Weighting Return Low Return High BXMIX % Rank
Non US 		25.00% -574.50% 8301.05% 8.45%
US 		24.81% -136.03% 6319.42% 38.38%

BXMIX - Expenses

Operational Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.79% 0.29% 31.15% 22.14%
Management Fee 1.85% 0.00% 2.50% 92.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 193.00% 0.00% 491.00% 71.94%

BXMIX - Distributions

Dividend Yield Analysis

BXMIX Category Low Category High BXMIX % Rank
Dividend Yield 0.00% 0.00% 7.17% 59.58%

Dividend Distribution Analysis

BXMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

BXMIX Category Low Category High BXMIX % Rank
Net Income Ratio 1.43% -1.93% 6.83% 25.36%

Capital Gain Distribution Analysis

BXMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

BXMIX - Fund Manager Analysis

Managers

Stephen Sullens

Start Date

Tenure

Tenure Rank

Jun 16, 2014

6.71

6.7%

Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroup's hedge fund investment center. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. Previously, Mr. Sullens served as Manager of Alternative Investments for The Walt Disney Company, where he directed the company's alternative investment program, including investments in private equity, real estate, venture capital and hedge funds. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. He has earned the right to use the Chartered Financial Analyst designation.

Alberto Santulin

Start Date

Tenure

Tenure Rank

Jun 16, 2014

6.71

6.7%

Alberto Santulin is a Managing Director of the Hedge Fund Solutions Group. Before joining Blackstone in 2003, Mr. Santulin worked at Rasini & Co. Inc., a European fund-of-hedge-funds, where he opened and ran the New York office. Prior to joining Rasini, Mr. Santulin worked in London for Banque Paribas where he was in Fixed Income Derivatives Sales & Trading covering Italian institutions and hedge funds. Mr. Santulin received a BA with a major in Finance from Bocconi University in Milan, Italy. His degree dissertation is titled "Hedge Funds: Evolution and Investment Strategies." He has earned the right to use the Chartered Financial Analyst designation.

Robert Jordan

Start Date

Tenure

Tenure Rank

Apr 15, 2016

4.88

4.9%

Robert Jordan is a Senior Managing Director for The Blackstone Group L.P.

Ian Morris

Start Date

Tenure

Tenure Rank

Apr 15, 2016

4.88

4.9%

Ian Morris is a Senior Managing Director for The Blackstone Group L.P.

Gideon Berger

Start Date

Tenure

Tenure Rank

Apr 15, 2016

4.88

4.9%

Gideon Berger is a Senior Managing Director for The Blackstone Group L.P.

Min Htoo

Start Date

Tenure

Tenure Rank

Jul 31, 2017

3.58

3.6%

Min Htoo has been a senior managing director for Hedge Fund Solutions in Blackstone Alternative Investment Advisors LLC since 2017.

Raymond Chan

Start Date

Tenure

Tenure Rank

Sep 11, 2019

1.47

1.5%

Raymond Chan is a managing director in the GPS Group, based in New York, a senior portfolio manager and a member of the GPS Investment Committee. Previously, he was a member of the Cross Asset Solutions and Pension Endowment and Foundations groups within the Securities Division, where he developed and implemented customized investing and hedging solutions for institutional clients. Mr. Chan first joined Goldman Sachs in 2004 as an associate in the Investment Management division. He was named managing director in 2012. Before joining the firm, he worked as a management consultant specializing in financial services at Oliver, Wyman and Company. Mr. Chan earned an AB, magna cum laude, in biochemistry from Harvard College, and an MBA in finance from The Wharton School at the University of Pennsylvania. He is a CFA charter holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.28 4.4 3.67

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.