It takes a brave man to go on sabbatical

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It takes a brave man to go on sabbatical in the current market. This, however, is precisely what Graham Birch, head of BlackRock's natural resources team, is doing.

According to newspaper reports yesterday, Birch will be absent from the end of March until the start of 2010. It is not entirely clear what he will be engaged in during that time.

With most organizations, BlackRock included, cutting staff, now seems a strange time to be voluntarily indicating that one is not totally indispensable.

We can only suppose that Birch is confident in his own future (his is one of BlackRock's best performing funds) or overcome by the urge to write a novel.

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