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 |
|
FXDAX |
Altegris Fixed Income Long Short Fund |
No one, but . . . |
Eric Bundonis joins Jon Sundt, Matthew Osborne, Allen Cheng, Kevin Schweitzer, and Anilesh Ahuja |
3/14 |
|
DWAFX |
Arrow DWA Balanced Fund |
Michael Moody is gone |
Harold Parker and John Lewis remain on the fund |
3/14 |
|
DWTFX |
Arrow DWA Tactical Fund |
Michael Moody is gone |
Harold Parker and John Lewis remain on the fund |
3/14 |
|
DSFAX |
ASG Diversifying Strategies Fund |
Jeremiah Chafkin is out. |
Andrew Lo and Robert Rickard remain as comanagers |
3/14 |
|
GAFAX |
ASG Global Alternatives Fund |
Jeremiah Chafkin is out. |
Andrew Lo and Robert Rickard remain as comanagers |
3/14 |
|
AMFAX |
ASG Managed Futures Strategy Fund |
Jeremiah Chafkin is out. |
Andrew Lo and Robert Rickard remain as comanagers |
3/14 |
|
BHYAX |
BlackRock High Yield Bond |
Charlie McCarthy |
James Keenan, Mitchell Garfin, David Delbos, Derek Schoenhofen, Thomas Musmanno, Scott MacLellan, Rick Rieder and Bob Miller are the funds’ portfolio managers |
3/14 |
|
CNIAX |
City National Rochdale Multi-Asset Fund |
Otis “Tres” Heald left at the end of February. |
Thomas Gavin and Fang Zhou join William Miller, Jr. and Bruce Simon |
3/14 |
|
CEFFX |
Congressional Effect Fund |
Eric Singer is off the fund, which is to say the Congressional Effect team has been removed from the Congressional Effect fund |
Sean McCooey, of Pulteney Street Capital Management, is now the portfolio manager. |
3/14 |
|
LCMAX |
Driehaus Active Income Fund |
Mirsada Durakovic is no longer an assistant portfolio manager |
Adam Abbas joins K.C. Nelson and Elizabeth Cassidy |
3/14 |
|
DRSLX |
Driehaus Select Credit Fund |
Mirsada Durakovic is no longer an assistant portfolio manager |
Adam Abbas joins K.C. Nelson and Elizabeth Cassidy |
3/14 |
|
SCINX |
DWS International |
Juergen Foerster, Johannes Prix, and Thomas Voecking are out |
Di Kumble takes over |
3/14 |
|
FKASX |
Federated Kaufmann Small Cap Fund |
Aash Shah |
The rest of the team remains on the fund. |
3/14 |
|
FIXMX |
Fidelity International Small Cap |
Nick Price, Dale Nicholls, and Colin Stone |
Sam Chamovitz |
3/14 |
|
FJPNX |
Fidelity Japan |
Rie Shigekawa |
Kirk Neureiter |
3/14 |
|
FJSCX |
Fidelity Japan Smaller Companies |
Nick Price is out, capping a quarter in which Fidelity changed management at six global stock or bond funds |
David Jenkins |
3/14 |
|
AITIX |
Forward Investment Grade Fixed-Income Fund |
Chris Dialynas, who is “on sabbatical” from the PIMCO version of this fund but apparently out here. |
Mohit Mittal will take over. |
3/14 |
|
FNGAX |
Franklin International Growth Fund |
No one, but . . . |
Donald Huber joins Coleen Barbeau and M. Par Rostom |
3/14 |
|
ICRAX |
ICON Consumer Staples Fund |
Robert Straus is out |
Mick Kuehn takes over |
3/14 |
|
IOCAX |
ICON Risk-Managed Balanced Fund |
Robert Straus is out |
Donovan Paul joins Zach Jonson |
3/14 |
|
ICTUX |
ICON Utilities |
Robert Straus is out |
Derek Rollingson is in |
3/14 |
|
AAGIX |
ING Core Equity |
No one, but . . . |
Vincent Costa will join Michael Pytosh. |
3/14 |
|
IACLX |
ING Corporate Leaders 100 Fund |
No one, but . . . |
Steve Wetter and Kai Kee Wong join Vincent Costa. |
3/14 |
|
ITYAX |
Invesco Technology Fund |
Brian Nelson and Warren Tennant are out. |
Erik Voss and Janet Luby take over. |
3/14 |
|
JGYAX |
John Hancock Global Shareholder Yield Fund |
No one, but . . . |
John Tobin and Kera Van Valen join William Priest, Eric Sappenfield, and Michael Welhoelter as portfolio managers. |
3/14 |
|
ONIAX |
JPMorgan Core Plus Bond Fund |
Duane Huff is gone |
J. Andrew Norelli joins the team of Steven Lear, Mark Jackson, Frederick Sabetta, and Richard Figuly |
3/14 |
|
MSSAX |
MassMutual Premier Main Street Fund |
No one, but . . . |
Paul Larson joins Manind Govil and Benjamin Ram |
3/14 |
|
MTGAX |
Morgan Stanley Mortgage Securities |
Sheila Huang is gone. |
Michael Kushma and Neil Stone take over the fund |
3/14 |
|
NMFAX |
Nationwide Growth Fund |
Christopher Baggini, and subadviser Turner Investments |
David Hanna, Edward Mulrane, Douglas Riley, and Michael Vogelzang, and subadviser Boston Advisors, LLC. |
3/14 |
|
NEFOX |
Natixis Oakmark Fund |
Diane Mustain, Edward Loeb, and Michael Mangan are out as the fund transitions from being Harris Associates Large Cap Value Fund |
Kevin Grant, M. Colin Hudson, and William Nygren take over, which is nice, but NEFOX is vastly more expensive than the original OAKMX |
3/14 |
|
NABAX |
Neuberger Berman Absolute Return Multi-Manager Fund |
Turner Investments is out as a subadviser |
The rest of the team remains on the fund. |
3/14 |
|
TRFAX |
Patriot Fund |
Todd Smurl will no longer protect us from investment exposure to Cuba, Iran, Sudan and Syria |
James Lee. Oddly, both the outgoing and incoming managers are listed as president of Ascendant Advisors. |
3/14 |
|
PGBAX |
Principal Global Diversified Income Fund |
No one, but . . . |
Kelly Grossman is joined by Jake Anonson, Jessica Bush, Marcus Dummer, James Fennessey, and Benjamin Rotenberg |
3/14 |
|
PJRAX |
Prudential International Equity Fund |
Andrew Goldberg is out. |
Jacob Pozharny, John Van Belle, Wen Jin, and Ping Wang will continue to serve as portfolio managers for the Fund. |
3/14 |
|
UMBWX |
Scout International |
James Moffett will step down at the end of the year, but will remain with the firm. Morningstar has placed the fund’s rating under review. |
Current comanager, Michael Stack, will become co-lead on the fund and take the lead when Mr. Moffett leaves. Michael Fogerty will remain a comanager. |
3/14 |
|
XXXXX |
Strategic Advisors Multi-Manager 2005 through 2055 funds |
Christopher Sharpe is out. |
The rest of the team remains on the fund. |
3/14 |
|
FEBPX |
Strategic Advisors Multi-Manager Income Fund |
Christopher Sharpe is out. |
Andrew Dierdorf and Brett Sumsion remain. |
3/14 |
|
PRLAX |
T. Rowe Price Latin America |
Jose Costa Buck |
Gonzalo Pangaro and Verena Wachnitz |
3/14 |
|
TAVIX |
Third Avenue International Value |
Amit Wadhwaney, the founder manager, will retire on June 30th. |
Comanager, Matthew Fine, will take over as the sole lead manager. |
3/14 |
|
TMSCX |
Turner Medical Sciences Long/Short Fund |
Vijay Shankaran |
Michael Tung |
3/14 |
|
TSCCX |
Turner Spectrum Fund |
Vijay Shankaran |
Michael Tung joins the rest of the team |
3/14 |
|
VWNAX |
Vanguard Windsor II |
Portfolio manager, Jeffrey Shaw, and subadvisor Armstrong Shaw Associates, are out. |
The other subadvisors and managers remain, with subadvisor Hotchkis & Wiley taking over control of the Armstrong Shaw portion of the portfolio. |
3/14 |
|
WRAAX |
Wilmington Multi-Manager Alternatives |
Stefan Mykytiuk and sub-advisor TIG Advisors |
The rest of the team remains on the fund. |
3/14 |
