BlackRock's Plackett steers UK Special Sits through the turmoil

Multi-cap exposure helps BlackRock manager navigate portfolio through the global crisis

BlackRock's Richard Plackett has so far managed to navigate his UK Special Situations fund through the economic crisis, achieving what he claims is one of the best long-term track records in the sector. Over three and five years the £560m fund has outperformed the IMA UK All Companies sector, to 9 February according to Morningstar. It has posted returns of 31.8% against the sector average of 7.7% over five years and -19.1% against the index's -23.1% over three years. He believes this can be attributed in part to the fund's ability to hold 40% in large caps and its exposure to selected...