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Hugo Tudor latest to leave BlackRock’s UK equity team
by Robert St George on Oct 03, 2013 at 14:20
UK equity manager Hugo Tudor is quitting BlackRock after 13 years at the firm, Wealth Manager can reveal.
‘After 13 years, Hugo Tudor has decided to move on from BlackRock to pursue other opportunities outside of the firm,’ the group confirmed. ‘Hugo will relinquish his day-to-day fund management responsibilities over the next several weeks to ensure a seamless transition and an orderly handover.’
Tudor joined BlackRock in 2001 and initially covered the pharmaceuticals and healthcare sector. He went on to work on the BlackRock Nexus UK Equity fund and the BlackRock UK Short Extension Strategies fund, both of which are long/short equity products.
The BlackRock UK Specialist fund has been a bottom-decile performer over the past one, three and five years. It has generated a total return of 23.7% on a five-year view, compared with 42.6% by the FTSE All Share index.
Tudor’s departure is the latest from BlackRock’s traditionally well regarded UK equities desk, home to the Citywire AA-rated Richard Plackett and rising small-cap star Ralph Cox, who holds a + rating.
The team bolstered its ranks in August, though, by poaching Mark Wharrier from NewSmith Asset Management to work on its UK equity income products.
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