] announced that PM Daniel Rice
, who co-PMs the firm's energy mutual funds, will step down, Reuters reports
. Rice will remain with the firm.
A possible conflict of interest involving Rice's family business and stake in the BlackRock Energy & Resources Fund
triggered the move. He also agreed not to become an officer at the family business or join fundraisers for the companies, BlackRock said in an interview with the Wall Street Journal
, which first reported the move.
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