Manager changes, March 2012

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
American Beacon Treasury Inflation Protected Securities (ATPIX) William Quinn Seven comanagers remain. 3/12
Ariel Appreciation(CAAPX) Matthew Sauer is leaving to join Lateef Investment Management and perhaps help with the erratic Lateef Fund (LIMAX) John Rogers and Timothy Fidler will remain as comanagers. 3/12
BlackRock High Yield Bond (BHYAX) No one, but … Charlie McCarthy is a new comanager. 3/12
Buffalo China (BUFCX) No one, but … Yulin Li has been added as a comanager. 3/12
Davis Financial (RPFGX) Charles Cavanaugh is stepping down. Lead manager, Kenneth Feinberg, remains. 3/12
Dreyfus/Standish Fixed Income (SDFIX) Peter Vaream is out The rest of the comanagers remain
Fidelity Advisor Stock Selector Mid Cap (FMCDX) Comanager Michael Valentine Rayna Lesser 3/12
Fidelity Inflation-Protected Bond (FINPX) No one, but … Franco Castagliuolo joins the team. 3/12
Fidelity Series Inflation-Protected Bond Index (FSIPX) No one, but … Alan Bembenek will be a new comanager. 3/12
Fidelity Series Small Cap Opportunities No one, but … Eirene Kontopoulos joins the team 3/12
Fidelity Stock Selector Small Cap (FDSCX) No one, but … Eirene Kontopoulos joins the team 3/12
Fidelity Total International Equity (FTIEX) Robert von Rekowsky Ashish Swarup joins the existing managers, Jed Weiss and Alexander Zavratsky 3/12
GE Institutional Small-Cap Equity (GSVIX) Jeffrey Schwartz Marc Shapiro joins the remaining subadvisors 3/12
Hartford Advisers (ITTAX) Steven Irons Karen Grimes 3/12
Henderson International Opportunities(HFOAX) Iain Clark will no longer manage as of April 4, 2012. The eight other managers remain. 3/12
Invesco High Income Municipal (AHMAX) Gerard Pollard and Franklin Ruben The current comanagers remain. 3/12
Invesco Van Kampen High Yield Municipal (ACTHX) Gerard Pollard and Franklin Ruben The current comanagers remain. 3/12
JPMorgan Intrepid America (JIAAX) Christopher Blum, who has been appointed the head of global equity solutions at JP Morgan’s asset management division. Dennis Ruhl and Pavel Vaynshtok will be added as comanagers. 3/12
JPMorgan Intrepid Growth (JIGAX) Christopher Blum Dennis Ruhl and Pavel Vaynshtok 3/12
JPMorgan Intrepid Multi Cap (JICAX) Christopher Blum Dennis Ruhl 3/12
JPMorgan Intrepid Value (JIVAX) Christopher Blum Dennis Ruhl and Pavel Vaynshtok 3/12
Lazard U.S. Equity Value (LEVIX) Nicholas Sordoni, J. Richard Tutino Jr, and Ronald Temple as of May 31, 2012 Christopher Blake will join the management team 3/12
Legg Mason Batterymarch Global Equity (CFIPX) Adam Petryk is no longer the manager, but remains at the firm. No one new. 3/12
Legg Mason Batterymarch International Equity(LGIEX) Adam Petryk No one new. 3/12
Legg Mason Batterymarch S&P 500 Index (SBSPX) Adam Petryk No one new. 3/12
Legg Mason Batterymarch U.S. Small Cap Equity (LMSIX) Adam Petryk No one new. 3/12
Legg Mason Western Asset Strategic Income (SDSAX) No one, but … Christopher Orndoff joined the management team 3/12
Loomis Sayles Small Cap Value (LSCRX) No one, but … Jeffrey Schwartz joins Joseph Gatz as a comanager 3/12
MFS Massachusetts Investors Trust (MITTX), which has been around since 1924 and has seen several management changes in that time Nicole Zatlyn, comanager since 2005, steps down. Comanager, Kevin Beatty, will be joined by Ted Maloney 3/12
Natixis U.S. Multi-Cap Equity (NEFSX) No one, but … Jeffrey Schwartz joins Joseph Gatz as a comanager 3/12
Northern Enhanced Large Cap (NOLCX) Joseph Wolfe The other managers remain. 3/12
Northern Large Cap Value (NOLVX) Stephen Atkins The other managers remain. 3/12
Nuveen Tradewinds Global All-Cap (NWGAX) David Iben leaves to join Vinik Asset Management Emily Alejos and Drew Thelen will take over. 3/12
Nuveen Tradewinds Global Flexible Allocation(NGEAX) Iben and Isabel Satra are . . . yes. You guessed it, off to Vinik Asset Management Analyst Ariane Mahler will join the remaining manager, Michael Hart 3/12
Nuveen Tradewinds Global Resources(NTGAX) Iben, Crespo, and Gregory Padilla all going to Vinik Asset Management There hasn’t been a new manager announced yet. 3/12
Nuveen Tradewinds International Value(NAIGX) Alberto Jimenez Crespo follows Iben to Vinik Asset Management Peter Boardman remains as the sole manager. 3/12
Nuveen Tradewinds Value Opportunities (NVOAX) David Iben leaves to join Vinik Asset Management Two analysts, Joann Barry and Rowe Michels, will take the helm. 3/12
Old Mutual Focused (OBFVX), now re-named Touchstone Focused Longtime manager Jerome Heppelmann is being replaced as part of Touchstone’s acquisition of 17 Old Mutual Funds. Fort Washington Investment Advisors 3/12
Principal Large Cap Value III (PLVIX) No one, but … Todd Williams joined the team 3/12
Principal Small Cap Value II (PPVIX) No one, but … Joseph Chi, Jed Fogdall, and Henry Gray joined the team 3/12
Prudential High-Yield (PBHAX) No one, but … Ryan Kelly has been added as portfolio manager. 3/12
Scout Global Equity Fund William B. Greiner has resigned as CIO of Scott Investments and is no longer lead manager. Gary Anderson and James A. Reed II will serve as co-lead portfolio managers. 3/12
Sentinel Balanced(SEBLX) No one, but . . . Dan Manion will become the lead manager, joined by Jason Doiron. 3/12
Sentinel Government Securities (SEGSX) No one, but . . . Jason Doiron joins. 3/12
Sentinel International Equity (SWRLX). Stacey Ho is stepping down The rest of the team remains. 3/12
Sentinel Short Maturity Government(SSIGX) No one, but . . . Jason Doiron joins. 3/12
Sentinel Sustainable Growth Opportunities (WAEGX), re-named as Sentinel Sustainable Mid Cap Opportunities on March 29, 2012. Comanagers Elizabeth Bramwell and Kelli Hill are stepping down, Bramwell for retirement. Betsy Pecor, Carole Hersam, and Matthews Spitznagle 3/12
Wells Fargo Global Opportunities(EKGAX) Francis Claro has left the firm. A small fund shop now owned by Wells Fargo, EverKey. 3/12
Westwood Balanced (WHGBX) Susan Byrne.  Byrne really has had a remarkable life, by the way. The rest of the team remains in place with Byrne as a mentor and guide. 3/12
Westwood Large Cap Value (WHGLX) Susan Byrne The rest of the team remains in place with Byrne as a mentor and guide. 3/12

 

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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.