BlackRock Global Equity Market Neutral Fund: Q4 2025 Performance Overview

The BlackRock Global Equity Market Neutral Fund achieved returns of 2.87% (Institutional shares) and 2.88% (Investor A shares, excluding sales charges) in the fourth quarter of 2025. This performance was driven by strong gains in November and December, which effectively counteracted a weaker October. Key contributing factors included successful sentiment-based strategies and precise valuation insights. The fund maintained a net long position, guided by constructive market timing models, while carefully managing exposure to momentum and short interest through cautious style timing models.