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BlackRock N. American Income appoints co-manager

By BFN News | 08:08 AM | Tuesday 05 August, 2014

BlackRock North American Income Trust has appointed t Tony DeSpirito as a co-manager of the company's portfolio alongside Bob Shearer and Kathleen Anderson. The company says the investment objective and philosophy will not change and it will continue to seek income growth and superior risk-adjusted returns. DeSpirito joins BlackRock as managing director and, together with Shearer, co-head of BlackRock's equity dividend team. He will also be co-portfolio manager for the BlackRock equity dividend strategies and related portfolios (with AUM of US$49.6 bn), responsible for portfolio construction and for oversight of investment team personnel. For the last 18 years, DeSpirito has been with Pzena Investment Management where he was managing principal, portfolio manager and a member of the firm's executive committee. At 8:08am: (LON:BRNA) BlackRock North Amer share price was -0.12p at 103.38p Story provided by

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