BlackRock's UK Absolute Alpha fund slipped out of the top 20 net selling vehicles on Cofunds in Q4 la...
BlackRock's UK Absolute Alpha fund slipped out of the top 20 net selling vehicles on Cofunds in Q4 last year after suffering significant investor redemptions. The fund, run by Mark Lyttleton, led net sales in each of the previous three quarters but fell out of favour as its performance struggled during the period. While redemptions increased, the fund was still purchased by advisers, with gross sales remaining strong. Cofunds fund manager relationships director Russell Lancaster says it is not all bad news for BlackRock, as many investors transferred out of the Absolute Alpha into Lyttl...
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