Lyttleton Out At BlackRock

Mar 28 2013 | 9:16am ET

A BlackRock hedge fund manager will leave the firm after a run of poor performance and significant redemptions.

Mark Lyttleton has resigned from the firm, turning his U.K. Absolute Alpha Fund over to Nigel Ridge and Nick Osborne as of today. Ridge is the manager of BlackRock's U.K. Equity Hedge Fund. Nick Little will take the helm at the UK Dynamic Fund, which will be merged into Little's existing UK Fund. Little took over the UK Fund from Lyttleton last year.

Lyttleton's exit follows his return in September from a three-month break. But the poor performance that plagued him prior to the sabbatical continued; UK Absolute Alpha has shrunk by more than half over the last year, and UK Dynamic by one-third.

"We wish Mark well for the future and thank him for all his efforts over the last two decades," Tony Stenning, head of U.K. retail at BlackRock, said.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…