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At close · Wed, Oct 28, 2026
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BlackRock outline the central role hedge funds play in portfolio

From bonds’ fading role to a 50/30/20 portfolio, BlackRock’s Mike Pyle argues hedge funds are becoming central to diversification while capital chases the AI buildout. In his role as Deputy Head of Portfolio Management at BlackRock, Mike Pyle oversees $5tn in systematic and discretionary strategies. This extraordinary sum requires robust oversight and strong interconnectedness across every facet of the platform. “Each part becomes strong by sitting alongside and connecting with others. For example, the analytical engine that the BlackRock Investment Institute provides underpins so much of what

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