BlackRock has won the contract to manage Throgmorton investment trust subject to shareholder approva...
BlackRock has won the contract to manage Throgmorton investment trust subject to shareholder approval, with the board rejecting merger proposals from Gartmore Growth Opportunities. The directors have been reviewing managers since Roger Whiteoak left Axa Framlington earlier this year. Its review included proposals from eight interested parties after contact with 11 fund groups. BlackRock managers Mike Prentis and Richard Plackett will co-manage the trust, with the capacity to short stocks through CFDs. Chairman Richard Bernays said the board rejected the Gartmore proposals on the gro...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
