cut 10 employees from its investment team, including four fund managers, according to published reports.
These include Linda Zhang
, co-manager of BlackRock Asset Allocation
; Jordan Schreiber
, lead manager of BlackRock Healthcare
; Jeff Gary
, co-manager of BlackRock High Income
and BlackRock High Yield Fund
; and Tom Burke
, manager of BlackRock Fundamental Growth
and BlackRock Global Growth
BlackRock also laid off six analysts.
, which first reported the cuts, the remaining skippers on the Asset Allocation, Healthcare, High Income and High Yield Bond funds will assume the departed managers' former duties. BlackRock Capital Appreciation's Jeff Lindsey
will run Fundamental Growth, while Tom Callan
and Michael Carey
of BlackRock Opportunities Fund will assume management of Global Growth.
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