Former BlackRock star manager Mark Lyttleton sentenced to 12 months for insider trading

'Sorry and embarrassed'

Jayna Rana
clock • 3 min read

Ex-BlackRock fund manager Mark Lyttleton has been given a 12-month sentence, including six months in jail, after previously pleading guilty to two counts of insider trading made in 2011.

He received a sentence of 12 months, to start immediately, of which six months will be spent in prison and the remainder out on licence. The manager, who was once responsible for over £2bn at BlackRock including the UK Dynamic and UK Absolute Alpha funds, attended a sentencing hearing at Southwark Crown Court today. Lyttleton (pictured) pleaded guilty to the two counts of insider trading related to equity trades and a call option at a London court on 2 November. He was arrested in April 2013, after resigning from his role a month before. In court this morning, the former fund manag...

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