BlackRock Australia has appointed Andrew Landman to the newly created position of head of alternatives in Australia.
Landman has over 18 years industry experience and joins BlackRock from Ascalon Capital (subsidiary of BT Financial Group) where he was chief investment officer.
Landman said BlackRock had global reach and was committed to alternative investment ideas. He said alternative assets were now taking a larger slice of Australian portfolios.
"As more investors combine active and passive strategies, they will be drawn to managers with proven risk management, transparency, and the scale to provide access to global investment opportunities," he said.
Country head of BlackRock in Australia, Justin Arter, said alternative investment strategies were gaining traction in both the institutional and retail space.
"In today's markets, alternative investment strategies have a greater role to play in institutional and personal portfolios.
"Low returns are focusing investors on the need for better diversification and alpha generation from the active element of portfolios, which is driving Australians to invest in alternatives," he said.
BlackRock managed US$113 billion in alternative assets as of 30 September 2012.