BlackRock Income and Growth Investment Trust (BRIG) has announced that Mark Wharrier, co-portfolio manager of the Company, has resigned to pursue another role. It says that Adam Avigdori, who has been co-portfolio manager of the Company since November 2011, continues as co- portfolio manager, while David Goldman, a senior director within the BlackRock UK Equity Team has been appointed co-portfolio manager alongside Adam Avigdori with immediate effect.
About the co-managers
Adam Avigdori joined Merrill Lynch Investment Managers in 2001, which merged with BlackRock in 2006 and is currently a senior director and co-manager of the BlackRock UK Income fund. David Goldman joined Merrill Lynch Investment Managers in 2004 and is currently co-manager of the BlackRock UK Income Fund.
About BlackRock Income and Growth
BlackRock Income & Growth aims to provide growth in capital and income over the long term through investment in a diversified portfolio of, principally, UK listed equities. The managers say that they adopt a relatively concentrated approach to ensure that its best ideas contribute significantly to returns. They also believe it is the role of the portfolio overall to achieve a premium level of yield rather than for every individual company within it, giving the Company increased flexibility to invest where returns are most attractive. A relatively concentrated approach results in a portfolio which differs substantially from the Index and in any individual year the returns will vary sometimes significantly from those of the Index. Over longer periods the manager’s objective is to achieve returns greater than the Index, but with lower volatility.
David Goldman replaces Mark Wharrier as co-manager of BlackRock Income and Growth : BRIG