People Moves
BlackRock Fund Manager Takes Long-Term Sick Leave
BlackRock’s UK Income co-manager Nick McLeod-Clarke will take
long-term sick leave with immediate effect, the New-York listed
company has confirmed.
McLeod-Clarke has co-managed the UK Income fund with Adam
Avigdori since 2009, who will continue to run the fund.
McLeod-Clarke will step down to recover from poor health and will
not return to managing it. Instead he will oversee a number of
institutional mandates on his return.
BlackRock has yet to agree a replacement for his role as manager,
but it said in a statement: “We are looking to add resources to
support the management of this important income strategy on
behalf of our investors.”
As at 28 February 2013, the fund's assets under management were
valued at £698 million ($1.06 billion).
