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BlackRock Equity CIO Leavy Takes Medical Leave

BlackRock Inc. will be losing its chief investment officer Chris Leavy, head of its U.S. stock unit, confirmed the investment firm on Friday. Leavy will be on medical leave for an undetermined amount of time, in order to be treated for diabetes and a related cardiovascular condition. The global head of BlackRock's actively managed strategies, Quintin Price, will take over Leavy's responsibilities in the interim. This is the latest in changes at the firm, which has seen the management of 21 out of 40 funds replaced, according to media reports. BlackRock is the world's largest money manager. BlackRock was down 1%.Copyright © 2013 MarketWatch, Inc....

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