Multi-Asset Strategies

Does anyone know what the Multi-Asset Strategies team at BlackRock does? It pretty much mentions every asset class in the description (below) - how deep does the analysis get? For example, would you actually do in-depth equity analysis? Do you actually engage in HF/PE strategies or is it a FoF thing?

Description: The Multi-Asset team provides investment strategies and outcomes to institutional and retail clients, generating investment returns primarily through asset allocation across global equity, fixed income, currency, commodities and alternative investment markets.

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