BlackRock's Bob Doll to retire

Jun 4, 2012 @ 8:30 pm

By Douglass Appell

Robert Doll, senior managing director and chief equity strategist at BlackRock, will retire from the firm, according to an internal memo obtained by Pensions & Investments.

Mr. Doll, who also is lead portfolio manager for the firm's large-cap mutual fund series, will transition his responsibilities overseeing BlackRock's $1.6 billion Large Cap Core fund, $1 billion Large Cap Growth fund and its $1 billion Large Cap Value fund through the end of June, but he'll continue to serve in an advisory capacity through the end of 2012, according to the memo.

Chris Leavy, BlackRock chief investment officer of fundamental equity (Americas), will take over Mr. Doll's responsibilities on the Large Cap Series funds, becoming co-manager of those funds alongside Peter Stournaras, managing director.

Bobbie Collins, a spokeswoman for BlackRock, said no decision on finding a new chief equity strategist has been made, as “our entire focus at this point is on a seamless transition for management of the LCS portfolios.”

The internal memo quoted Mr. Doll saying, “I've decided that now is the right time for me to shift my priorities and move to the next chapter of my life,” which he said will allow him to devote more time to his “family, faith and philanthropic interests.”

This story was first reported by Pensions & Investments, an InvestmentNews sister publication.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

Creating client events with a 'wow'

Financial adviser Ryan Furstenau has turned his passion for Dodge Vipers into new clients. Learn about his event and how it has helped him prospect in a small community.

Video Spotlight

The Search for Income

Sponsored by PGIM Investments

Recommended Video

Path to growth

Latest news & opinion

Trump rejects idea of new caps on 401(k) savings in tax plan

GOP reportedly had been considering reducing the cap on the annual amount workers can set aside for 401(k)s.

Finra's stats reveal an industry in decline

The broker-dealer regulator reports fewer entities under its watchful eye.

The most important tax changes for 2018

The Internal Revenue Service issued inflation adjustments to more than 50 tax provisions for 2018.

Shift to Roth 401(k)s 'highly likely' part of tax reform: former Treasury official Mark Iwry

Mandated contributions to Roth accounts would likely only be partial, as opposed to having a full repeal of pre-tax accounts.

E*Trade acquiring custodian Trust Company of America

Discount broker buying second-tier custodian for $275 million.