Tudor to leave BlackRock after giving up UK Specialist fund

Hugo Tudor is set to leave BlackRock following 13 years at the firm.

Mr Tudor had been managing institutional mandates after being replaced as manager of the BlackRock UK Specialist fund by Imran Sattar and Luke Chappell in August, as revealed by Investment Adviser.

A spokesperson for BlackRock said Mr Tudor had “decided to move on from BlackRock to pursue other opportunities outside of the firm”.

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“[Mr Tudor] will relinquish his day-to-day fund management responsibilities over the next several weeks to ensure a seamless transition and an orderly handover”.

The departure of Mr Tudor is the latest move in an extensive reshuffle of BlackRock’s UK equities team.

Mark Lyttleton left the firm at the end of March and Nick Macleod-Clarke departed on long term sick leave in April.

BlackRock replaced Mr Lyttleton with Nigel Ridge on the BlackRock UK Absolute Alpha fund while Nick Little took sole management of the BlackRock UK fund.

The firm has also brought in Mark Wharrier from NewSmith Capital Partners to replace Mr Macleod-Clarke on the BlackRock UK Income fund and Daniel Whitestone from UBS to work on the UK small and mid cap equities team.