UK fund manager leaves BlackRock after 20 years

Mark Lyttleton, managing director on BlackRock's UK equity team, will leave the firm at the end of April. BlackRock will now reshuffle that team and merge two of its funds.

Nigel Ridge, a managing director at the firm, will manage the UK Absolute Alpha fund with existing co-manager Nick Osborne.

"Nick Little, Nigel Ridge and Nick Osborne are key members of the BlackRock UK Equity team, which is one of the largest in London ... and are able to draw upon the strength and depth of the broader team," BlackRock said.