CEO Laurence D. Finks restructuring efforts will move $6 billion run by traditional stock pickers into cheaper funds where quants play a role.
The outflows are another indication of the hedge fund industry's declining popularity after years of under-performance.
These products havent suffered the same fate as other active portfolios because they offer something that isnt easy to automate.
Now, the managers of the Titan Opportunities Fund want to step up their bets by raising as much as $175 million.
The peso's real-effective exchange rate reached a 21-year low following President Donald Trump's election, boosting the earnings outlook for exporters.