BlackRock Throgmorton trust board to make raft of changes; Whitestone takes over as sole manager

Subject to shareholder approval

Jayna Rana
clock • 3 min read

The board of the £337m BlackRock Throgmorton investment trust is seeking shareholder approval for a number of changes to the vehicle's investment policy, after announcing the promotion of Dan Whitestone to sole manager in its annual results released this morning.

Whitestone, who has worked as co-manager alongside Mike Prentis since 2015, will take full responsibility for the trust effective immediately as the board has decided to change its structure. Prentis will continue to support Whitestone as a key member of BlackRock's UK small-cap team, having managed the trust since the group took over running the vehicle in 2008. BlackRock North American Income trust co-manager Shearer to retire in August The trust previously had a structure consisting of two separate portfolios, but the board has now decided to combine them. In the company's re...

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