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 shuts Evy Hambro’s small-cap mining fund

BlackRock shuts Evy Hambro’s small-cap mining fund

BlackRock has closed a fund that was launched just two years ago for Evy Hambro (pictured) after it failed to attract sufficient assets.

The BlackRock Mining Opportunities fund opened in 2012and targeted small and mid-cap miners. BlackRock confirmed the fund had recently suffered ‘large redemptions’ and shrunk below £1 million. The firm stated that this had left it uneconomic to manage.

Under Citywire + rated Hambro and co-manager Tom Holl, the Mining Opportunities fund lost 12.3% while the HSBC Global Mining index dropped 13.2% over the past year.

The fund had participated strongly in the mining recovery since the start of the year, returning 11.5% through January and February, ahead of the benchmark’s 3.7%.

The share price of its top holding, US gold specialist Romarco Minerals, has also more than doubled so far this year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter