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's Richard Plackett to take six-month sabbatical

1 Comment
BlackRock's Richard Plackett to take six-month sabbatical

BlackRock UK Special Situations fund manager Richard Plackett is taking a six-month sabbatical.

The Citywire + rated manager (pictured) will start his sabbatical on 1 April, with Roland Arnold taking sole control of the Citywire Selection fund.

Meanwhile Ralph Cox, will take control of the BlackRock UK Emerging Companies Hedge fund. Cox has been co-manager on the fund since May 2004.

Cox will also assume responsibility for Plackett's contracts for difference portfolio on the BlackRock Throgmorton Trust, which at 30 January accounted for 29% of the company's assets. Cox will be supported by Dan Whitehouse, a senior member of the firm's UK small and mid cap equity team, while Mike Prentis will continue to run the long only portfolio.

Plackett assumed charge of the UK Special Situations fund in June 2004. In the 10 years to the end of January the fund returned 206.5% versus a 133.6% rise in the FTSE All Share.

'After more than a decade at BlackRock, and twenty five years as an investor, Richard Plackett, managing director and portfolio manager on the UK Small and Mid Cap team, has requested and been granted a six month sabbatical which will commence on 1 April 2014,' BlackRock said in a statement.

'BlackRock fully supports this request from a long serving member of the portfolio management team. Roland Arnold, co-manager of the BlackRock UK Special Situations fund since 2012, will continue to manage the fund during Richard’s sabbatical.  We look forward to welcoming Richard back in October.'

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

Roland Arnold
Roland Arnold
133/147 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 24.17%
Richard Plackett
Richard Plackett
Ralph Cox
Ralph Cox
Citywire TV
Play Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter