Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of 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
64/72 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 40.08%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter