Welcome to our new website! Let us know what you think..

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

Related Fund Managers

Adam Avigdori
Adam Avigdori
67/73 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 23.87%
Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter