Adam Avigdori, who has been co-manager of the fund since 2009, will take over as lead manager.
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"We have requested that Nick McLeod-Clarke takes long-term leave from BlackRock in order to properly recuperate from poor health and we wish and expect him to make a full recovery," the company said in a stetement.
The statement added when McLeod-Clarke returned, he would not be tasked to the retail fund again but would instead manage institutional money.
Over three years to 17 April, the fund has returned 15.5% versus the benchmark’s 23.7%.
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