BXMIX: Blackstone Alternative Multi-Strategy I

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BXMIX Blackstone Alternative Multi-Strategy I


Profile

BXMIX - Profile

Vitals

  • YTD Return -5.1%
  • 3 Yr Annualized Return -2.4%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $5.7 B
  • Holdings in Top 10 8.3%

52 WEEK LOW AND HIGH

$10.14
$8.75
$11.04

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

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -5.1%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 0.4%
  • 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

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Categories

Performance

BXMIX - Performance

Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -45.9% 23.3% 85.16%
1 Yr -6.8% -47.8% 22.2% 87.88%
3 Yr -2.4%* -20.8% 10.3% 67.17%
5 Yr -0.6%* -12.9% 6.6% 69.17%
10 Yr N/A* -4.0% 9.7% N/A

* Annualized

Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -7.3% 25.7% 95.43%
2018 -3.4% -32.7% 10.9% 2.97%
2017 5.1% -9.1% 19.3% 63.87%
2016 0.9% -43.7% 13.7% 79.24%
2015 1.0% -19.4% 6.0% 0.89%

Total Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -45.9% 23.3% 85.16%
1 Yr -6.8% -47.8% 22.2% 88.16%
3 Yr -1.8%* -18.3% 11.3% 77.26%
5 Yr 0.4%* -11.1% 10.1% 76.50%
10 Yr N/A* -4.0% 9.7% N/A

* Annualized

Total Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -7.3% 25.7% 95.43%
2018 -3.4% -32.7% 10.9% 5.94%
2017 7.2% -3.7% 22.1% 73.85%
2016 1.3% -43.7% 20.7% 88.63%
2015 3.5% -14.9% 8.0% 0.54%

NAV & Total Return History


Holdings

BXMIX - Holdings

Concentration Analysis

BXMIX Category Low Category High BXMIX % Rank
Net Assets 5.7 B 5.59 M 24.2 B 6.82%
Number of Holdings 3106 5 5256 6.34%
Net Assets in Top 10 1.08 B -107 M 22.4 B 17.93%
Weighting of Top 10 8.30% 5.7% 100.0% 98.09%

Top 10 Holdings

  1. Ejf Debt Opportunities Offshore Fund, Ltd. 1.63%
  2. United States Treasury Notes 1.38% 1.62%
  3. Iraq (Republic Of) 5.8% 0.99%
  4. Aeolus Cat Keystne Pf Fnd J20 Hedge Fund 0.76%
  5. Petrobras Global Finance B.V. 5.09% 0.75%
  6. Glenview Capital Partners (Cayman), Ltd. 0.58%
  7. Ivory Coast Republic 6.13% 0.56%
  8. Ukraine (Republic of) 7.38% 0.50%
  9. Egypt (Arab Republic of) 7.9% 0.50%
  10. OIL & GAS HLDG CO B S C 7.5% 0.41%

Asset Allocation

Weighting Return Low Return High BXMIX % Rank
Bonds
18.69% -34.50% 135.61% 84.83%
Stocks
5.69% 0.01% 80.06% 97.52%
Other
1.44% -8.37% 95.53% 31.17%
Convertible Bonds
0.14% -0.84% 13.22% 85.93%
Preferred Stocks
0.00% 0.00% 39.43% 95.86%
Cash
-9.65% -58.72% 107.28% 96.97%

Bond Sector Breakdown

Weighting Return Low Return High BXMIX % Rank
Government
36.52% 0.00% 76.76% 18.90%
Cash & Equivalents
31.58% -31.57% 100.00% 12.97%
Securitized
15.28% 0.00% 57.00% 63.03%
Derivative
9.72% -0.40% 46.39% 12.14%
Corporate
6.64% 0.00% 98.97% 93.52%
Municipal
0.25% 0.00% 47.46% 48.55%

Bond Geographic Breakdown

Weighting Return Low Return High BXMIX % Rank
US
18.69% -68.01% 77.37% 73.38%
Non US
0.00% -9.92% 58.24% 92.97%

Expenses

BXMIX - Expenses

Operational Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.79% 0.02% 22.24% 4.93%
Management Fee 1.85% 0.00% 1.95% 98.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 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% 1.00% 447.00% 94.41%

Distributions

BXMIX - Distributions

Dividend Yield Analysis

BXMIX Category Low Category High BXMIX % Rank
Dividend Yield 0.00% 0.00% 6.59% 79.06%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BXMIX Category Low Category High BXMIX % Rank
Net Income Ratio 1.43% -0.95% 6.29% 71.29%

Capital Gain Distribution Analysis

BXMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

BXMIX - Fund Manager Analysis

Managers

Stephen Sullens


Start Date

Tenure

Tenure Rank

Jun 16, 2014

6.21

6.2%

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

6.21

6.2%

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

4.38

4.4%

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

Ian Morris


Start Date

Tenure

Tenure Rank

Apr 15, 2016

4.38

4.4%

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

Gideon Berger


Start Date

Tenure

Tenure Rank

Apr 15, 2016

4.38

4.4%

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

Min Htoo


Start Date

Tenure

Tenure Rank

Jul 31, 2017

3.09

3.1%

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

0.97

1.0%

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
0.01 24.35 5.39 2.53