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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...