BlackRock's Devlin gets co-manager on European Absolute Alpha

BlackRock has promoted Stefan Gries to co-manager of its European Absolute Alpha fund alongside Vincent Devlin.

Gries is currently a director and research analyst on the European equity team within the alpha strategies group. He joined BlackRock in 2008, having previously spent two years at Scottish Widows Investment Partnership alongside Devlin (pictured). Devlin is responsible for European long/short and continental European portfolios at BlackRock and has been running European Absolute Alpha since its inception in March 2009. The fund has returned 20.8% over the three years to 21 June, compared with an average return of 13% for the IMA Targeted Absolute Return sector, according to Morning...