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 |
