Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a729333

BlackRock commodities veteran steps down

by Robert St George on Jan 21, 2014 at 10:26

BlackRock commodities veteran steps down

Natural resources specialist Richard Davis has stepped down from his fund management responsibilities at BlackRock after 19 years.

A BlackRock spokesperson told Wealth Manager that Davis (pictured) had made the decision ‘to explore other career opportunities inside and outside of BlackRock’.

His principal UK fund was the £111 million BlackRock Commodities Income investment trust. Davis had headed the fund since its launch in 2005, during which time it returned 57% compared with an average of 30% from its peer group.

Davis will be succeeded on the trust by Olivia Ker as lead manager, with Citywire + rated Thomas Holl continuing as deputy manager. BlackRock has confirmed that the new team will follow the existing investment approach.

Davis has also stepped down as co-manager of three open-ended funds: the offshore £122 million BlackRock World Agriculture , and the on and offshore versions of the £20 million BlackRock Natural Resources Growth & Income strategy.

Co-manager Desmond Cheung will now take sole charge of World Agriculture, while Cheung and Catherine Raw will join co-managers + rated Joshua Freedman and Holl on Natural Resources Growth & Income.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

The Citywire guide to investment trusts

Investment trusts have proved to be a highly effective way to invest in the market. Citywire has interviewed the experts to find out more.

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • BGF World Agriculture D2RF GBP Hgd
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the investment trusts

Look up the fund managers

  • Richard Davis
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Tom Holl
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Desmond Cheung
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Catherine Raw
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Joshua Freedman
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Read more...

How is regulation feeding the outsourcing trend?

on Jul 24, 2014 at 10:59

Sorry, this link is not
quite ready yet