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BlackRock suffers second emerging market departure

BlackRock has re-shuffled the management on its emerging markets desk following a second departure.

Plamen Monovski has left the group just weeks after Alain Bourrier parted with the firm.

Monovskis co-managers, Daniel Tubbs, Dhiren Shah and Sam Vechtwill, remain running the BGF Emerging Market fund (offshore) and BFM Emerging Market fund (UK unit trust).

Vecht, who has nine years’ experience, has also taken up lead management responsibilities on the BGF Emerging Europe fund, taking over from Bourrier, and the Eastern Europe fund, which he used to run with Monovski.

Will Landers will continue to run the Latin American fund.


Give peace a chance

Amid all the jetsam and flotsam of failed regulation over the past 20 years or more, one of the few succ-esses in all that time has been the growing influence of the Financial Ombuds- man Service.

Gartmore expands fixed income range

Gartmore will have two retail offerings in the Investment Management Association (IMA) Corporate Bond sector following its acquisition of the Rensburg Corporate Bond trust.

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]


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