【产品手册】黑石Blackstone_业务宣传册Brochure_bxmix-brochure_市场.docx

Introducing the first liquid alternative mutual fund from Blackstone Blackstone Alternative Multi-Strategy Fund(Ticker: BXMIX) “We gained our status as a hedge fund solutions provider by developing innovative solutions to meet our investors’ needs. We are excited to offer a daily liquid fund that provides portfolio diversification through marketable alternative strategies that are designed to be uncorrelated with those of traditional asset classes.” J. TOm IL s ON HIL L CEO Of BL ACks TON E A LTER NATI V E A ss ET m A NAGEm EN T A N D V ICE- CH A IR m A N Of BL ACks TON E 1Expertise typically available only to institutional investors 1 Institutional caliber 3multi-managerA blend of alternative strategies and alternative 3 multi-manager A blend of alternative strategies and alternative managers in a single investment Alternative investment opportunities, mutual fund convenience Enhanced diversification Seeks to be uncorrelated with traditional investments Seeks to provide a lower volatility profile than a traditional 60/40 portfolio BAAM includes Blackstone Alternative Investment Advisors LLC (“BAIA”), which is the investment adviser for Blackstone Alternative Multi-Strategy Fund (“BXMIX”). InvestHedge Billion Dollar Club. Based on AUM (as of December 2014). 4Daily liquidityShares may liquidity Shares may be redeemed on a daily basis No lockup periods (unlike typically structured alternative investments) Established leader Managed by Blackstone Alternative Asset Management (BAAM)1 The world’s largest discretionary investor in hedge funds2 Why marketable alternatives? Goal of growth with downside protection Alternative asset classes have historically been uncorrelated with traditional asset classes such as stocks and bonds. Alternatives have mitigated downside risk when equity markets declined significantly1,2,3 E Q U I T I E s “Avoiding large drawdown losses is critical to accumulating wealth. An equity portfolio would have taken close to five years to recoup