BlackRock fund manager Mark Lyttleton is taking a three month break from fund management.
Lyttleton (pictured), manager of the £1bn BlackRock UK absolute alpha fund, is to take a break for family reasons from June 18 to September 17.
Co-manager Nick Osborne will take sole charge of the UK absolute alpha fund during this period, while Adam Avigdori will replace Lyttleton on the £842m UK dynamic fund.
The BlackRock UK absolute alpha fund has returned 1.3 per cent over the past three years, compared to an average return of 9.5 per cent for the Investment Management Association absolute return sector, according to FE.
The BlackRock UK dynamic fund is up 23.2 per cent over the past three years, compared to an average return of 35.8 per cent for funds in the UK all companies sector.