Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Avigdori gets co-manager on second BlackRock fund

Avigdori gets co-manager on second BlackRock fund

Mark Wharrier has been confirmed as co-manager of the BlackRock Income & Growth trust alongside Adam Avigdori.  

Wharrier was previously appointed co-manager of the £600 million open-ended BlackRock UK Income in August having been poached by BlackRock from NewSmith Asset Management, where he was a portfolio manager in the UK equity team.

Avigdori (pictured) had been without a co-manager since Nick McLeod-Clarke stepped down from both of the funds in April due to ill health.

Since McLeod-Clarke’s departure, BlackRock UK Income has shrunk by almost £100 million.

Both the open and closed-ended funds have performed weakly in recent years: BlackRock UK Income is ranked 88th of 93 in its UK Equity Income sector over three years, with a total return of 28%; BlackRock Income & Growth is last in its peer group of 24 through the same period, having generated 24%. The FTSE All Share has returned 35% in the same time.

Leave a comment!

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

Related Fund Managers

Adam Avigdori
Adam Avigdori
51/83 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 35.75%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter