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.

BlackRock commodities veteran steps down

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

Related Fund Managers

Tom Holl
Tom Holl
7/21 in Equity - Natural Resources (Performance over 3 years) Average Total Return: 6.13%
Richard Davis
Richard Davis
Desmond Cheung
Desmond Cheung
Catherine Raw
Catherine Raw
Joshua Freedman
Joshua Freedman
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter