BlackRock revealed management teams for 15 proposed mutual fund mergers ahead of the expected third-quarter closing of its acquisition of Merrill Lynch Investment Managers.
MLIM President and CIO Robert Doll will manage the BlackRock Large Cap Value fund, which will be created after the $2.2 billion Merrill Lynch Large Cap Value fund is combined with the $357 million BlackRock Large Cap Value fund, pending approvals, said BlackRock spokesman Brian Beades.
Mr. Doll will also manage the BlackRock Large Cap Core fund, after the $3 billion ML Large Cap Core fund is combined with Merrill Lynch's $42 million Strategy All Equity fund and its $29 million Disciplined Equity fund; and the BlackRock Large Cap Growth fund, after the $614 million ML Large Cap Growth fund is combined with the $48 million BlackRock Large Cap Growth fund. The three ML large-cap funds managed by Mr. Doll, who will become BlackRock's vice chairman and CIO of global equities, all boast five-star ratings from Morningstar.
MLIM portfolio managers Dennis Stattman and Dan Chamby will remain at the helm of the $14.4 billion ML Global Allocation fund after it is merged with the $68 million ML Strategy Long-Term Growth fund and the $41 million ML Strategy Growth & Income fund to form the BlackRock Global Allocation fund.
Among the bond funds to be merged, BlackRock managing directors and portfolio managers Andrew Phillips and Eric Pellicciaro will manage the BlackRock Government Income fund after the $593 million fund is combined with the $1.5 billion ML U.S. Government fund.