Manager changes, December 2012

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.

Ticker Fund Out with the old In with the new Dt
VERDX Aston/Veredus Small Cap Growth Subadvisor, Todd-Veredus Asset Management, has been fired. Lee Munder will be the new subadvisor and the fund will eventually be merged with the Munder-advised Aston SCG Fund.  In the interim, it’s ASTON Small Cap Fund. 12/12
CSXAX Calvert Social Index Fund David Jones and Eric Lessnau, along with subadvisor, World Asset Management Natalie Trunow 12/12
AAOPX Cavanal Hill Opportunistic S. Bob Rezaee Matt Stephani 12/12
DHOAX Delaware High-Yield Opportunities Kevin Loome Thomas H. Chow, Paul A. Matlack, Craig C. Dembek, and John P. McCarthy 12/12
DPHYX Delaware Pooled High-Yield Bond Kevin Loome and Chuck Devereux Thomas H. Chow, Paul A. Matlack, Craig C. Dembek, and John P. McCarthy 12/12
AAAAX DWS Alternative Asset Allocation Inna Okounkova, who’d been on leave through the end of the year, is no longer listed as a portfolio manager. The rest of the team remains. 12/12
FMAAX Federated Prudent Absolute Return Doug Noland, manager of Prudent Bear, will leave this fund Dana Meissner will remain but the word “Prudent” won’t. 12/12
FGLAX Fidelity Advisor Global Balanced Leon Tucker left the team. Maria Nikishkova joined. 12/12
FGBLX Fidelity Global Balanced Leon Tucker left the team. Maria Nikishkova joined. 12/12
FIGVX First Investors Government No one, but . . . Rodwell Chadehumbe joined as comanager 12/12
ITHAX Hartford Capital Appreciation No one, but . . . In March, Kent Stahl and Gregg Thomas will join as comanagers, as part of the fund’s succession planning 12/12
HFOAX Henderson International Opportunities Michael Wood-Martin is no longer a comanager Vincent Musumeci and Nicholas Cowley have joined the team. 12/12
HMAAX HighMark Tactical Capital Growth Allocation Fund David Goerz Derek Izuel, E. Jack Montgomery, and David Wines are in 12/12
HMRAX HighMark Tactical Growth & Income David Goerz Derek Izuel, E. Jack Montgomery, and David Wines are in 12/12
HDEAX Huntington Disciplined Equity Donald Keller Peter A. Sorrentino 12/12
HIEAX Huntington International Equity Madelynn Matlock Paul Attwood 12/12
IFCAX ING Emerging Equity Dividend, formerly ING Greater China Fund As part of its reorganization ING is bringing fund management in-house while Guy Uding and Oscar Kin Fai Leung have been dispatched to the … uhh, outhouse. Robert Davis, Nicolas Simar, and Manu Vandenbulck are the new co-managers. 12/12
IMOIX ING Growth and Income Core Por In conjunction with the change to the Portfolio’s sub-adviser, Thornburg Investment Management, Edward Maran and Connor Browne will be replaced as co-portfolio managers Christopher F. Corapi and Michael Pytosh of ING Investment Management Co. will begin managing the portfolio. 12/12
IVCAX ING International Value Choice Tradewinds Global Investors, LLC was terminated as sub-adviser, another in a long series of losses for them. Martin Jansen, David Rabinowitz, and Joseph Vultaggio will be the new co-managers 12/12
NAWGX ING International Value Equity Tradewinds Global Investors, LLC was terminated as sub-adviser Martin Jansen, David Rabinowitz, and Joseph Vultaggio will be the new co-managers 12/12
PAVAX ING Value Choice A Tradewinds Global Investors, LLC was terminated as sub-adviser Christopher Corapi and Robert Kloss of ING Investment Management Co. will begin managing the portfolio. 12/12
LGILX Laudus Growth Investors US Large Cap Lawrence Kemp Paul A. Graham, Saverio (Sam) Console and Peter Bye are co-managers of the fund. 12/12
SBEYX Legg Mason Esemplia Emerging Markets Long-Short Aquico Wen Stavros Triantafilidis, Michael Bourke and Eric Curiel got the nod.  Their task might be to stop this from acting like a simple e.m. index fund (its 2012 r-squared is 97). 12/12
MSSFX Litman Gregory Masters Smaller Companies Copper Rock Capital Partners and portfolio manager Tucker Walsh have been fired.  No shame: the fund discharged formerly Masterful investors in 2006, 07, 09, 10, 11 and 12. Frank Sustersic and Turner Investment Partners have been hired to join the rest of the team. 12/12
FGIAX Nuveen Global Infrastructure No one, but . . . Tryg Sarsland joins Jay Rosenberg and John Wenker 12/12
BPFAX PTA Comprehensive Alternatives Fund We didn’t even know the PTA ran a mutual fund.  In any case, no one lost their job though given average annual losses of 5.6% over the past five years perhaps someone should have. Subadvisor Horizon Asset Management, with Murray Stahl, Steven Bregman, and Peter Doyle are added. 12/12
RCAPX RS Capital Appreciation Fund As part of reorganization into RS Growth Fund, Christy Phillips, Larry Coats, and David Carr, of subadvisor Oak Value, are all out. Stephen Bishop, Melissa Chadwick-Dunn, and D. Scott Tracy, are in. 12/12
FSCFX Strategic Advisers Small-Mid Cap No one, but . . . Donald Cobin and Christian McDonald were added as portfolio managers. 12/12
FNAPX Strategic Advisers Small-Mid Cap Multi-Manager No one, but . . . Donald Cobin and Christian McDonald were added as portfolio managers. 12/12
PAMGX Prudential Target Moderate Allocation, renamed Prudential Defensive Equity As part of a change in objective, all existing subadvisors will be out. New subadvisor, Quantitative Management Associates, will be in. 12/12
VEINX Wilmington Large Cap Value NWQ Investment Management Company, with portfolio managers Kevin Hunter and Jon Bosse, is out Andrew Hopkins, Rafael Tamargo, Thomas Neale, and Edward Forrester are in 12/12

 

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