Michael Fredericks, head of income investing for BlackRock’s multi-asset strategies and solutions (MASS), is set to leave the firm after twelve years.
In an internal memo, Ryan Marshall and Pierre Sarrau, co-heads of multi-asset strategies and solutions, wrote that Fredericks had informed them he wants to take a break from the industry before moving to the next stage of his career. From 10 April, Alex Shingler and Justin Christofel, currently co-portfolio managers alongside Fredericks, will become co-heads of the MASS Income platform, along with their current roles. Fredericks will remain at the firm until the end of July to "ensure a smooth transition". Revealed: BlackRock's three major themes Marshall and Sarrau wrote: "The a...
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