Manager changes, December 2011

By Chip

Because bond fund managers, traditionally, had made relatively modest impacts of their funds’ absolute returns, Manager Changes typically highlights changes in equity and hybrid funds.

Fund Out with the old In with the new Dt
Columbia Select Small Cap (ESCAX) The whole dang management team Wayne Collette, George Myers, Lawrence Lin, and Brian Neigut 12/11
Fidelity Select Wireless (FWRLX) Gavin Baker leaves here, remains at Fido OTC Matthew Drukker will join comanager Kyle Weaver 12/11
Goldman Sachs Balanced (GSBFX) James Clark, the latest high-level departure from GSAM’s funds. The three other managers will remain. 12/11
Goldman Sachs Large Cap Value (GSLIX) Dolores Bamford The other managers will remain. 12/11
Goldman Sachs Mid Cap Value (GSMCX) John Arege The other managers will remain. 12/11
Hartford Total Return Bond (ITBAX). An undistinguished in-house staff headed by Nasri Toutoungi As of Q1/2012, Wellington Management 12/11
ING Global Natural Resources (LEXMX) and ING Global Resources (IGRSX) David Powers Joseph Bassett and John Bailey will remain 12/11
JHancock Large Cap Equity (TAGRX) Roger Hamilton and Timothy Malloy Walter McCormick and Sandy Sanders 12/11
Neuberger Berman Partners (NPRTX) Basu Mullick, who’d been around since 1998 and who was disturbingly comfortable with volatiility Eli Salzmann 12/11
Neuberger Berman Regency (NBRVX) Basu Mullick, who’d been high beta / low alpha since 2005 Michael Greene and his mid-cap intrinsic-value team 12/11
Oppenheimer Quest International Value (QIVAX) Dominic Freund Randall Dishmon 12/11
Osterweis Fund (OSTFX) Steve Moore The other five managers including leader, John Osterweis, will remain. 12/11
USAA Precious Metals and Minerals (UIPMX) Mark Johnson will retire in March 2012. Comanager, Dan Denbrow, will forge on. 12/11
This entry was posted in Manager changes on by .

About Chip

Cheryl Welsch, MBA (Western Governors). Cofounder, technical director. Chip is the dean of curriculum and accreditation at Eastern Iowa Community Colleges. Chip is responsible for making the Observer actually happen; in cooperation with our graphic designer, she also controls how the Observer looks and acts. She also writes our monthly Manager Changes feature and whittles away at the typofest in our drafts.