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BlackRock’s head of alpha strategies to retire

BlackRock’s head of alpha strategies to retire

BlackRock’s head of alpha strategies, Quintin Price, is due to leave the group 10 years after joining as chief investment officer.

Price, who oversaw $944 billion active stock and bond investments, will continue as a senior adviser for BlackRock in London until the summer of next year, according to a spokesperson for the company.

Price has managed the alpha strategies unit since it was started in 2012 and expanded the portfolio management teams of the firm’s fundamental stock-picking business mostly in the US and Asia.

Chris Jones and Nigel Bolton will continue to co-lead the firm’s fundamental active equity business, while Rick Rieder, Kevin Holt and Tim Webb will continue to run the fixed income business.

Price was formally with Gartmore, where he served as co-global chief investment officer, as well as having previously worked for Putnam Investments and James Capel & Co.

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