Manager changes, August 2014

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.

Ticker

Fund

Out with the old

In with the new

Dt

ABSAX

American Beacon Small Cap Value Fund

Subadvisor, Opus Capital Group, along with Jonathon Detter, Len Haussler, and Kevin Whelan.

Hillcrest Asset Management is a new subadvisor to the fund. Brian Bruce, Douglas Stark, Brandon Troegle, and Richard Wilk join the rest of the team.

8/14

BEEAX

BlackRock Emerging Markets Allocation Fund

No one, but . . .

David Dali and Gerardo Rodriguez join existing manager, Jeff Shen.

8/14

MRDVX

BlackRock Equity Dividend Fund

No one, but . . .

Tony DeSpirito joins David Cassese, Kathleen Anderson, and Robert Shearer.

8/14

EENAX

Columbia Global Energy and Natural Resource

Colin Moore is no longer listed as a portfolio manager

Josh Kapp and Jonathan Mogil continue on.

8/14

AQEAX

Columbia Large Core Quantitative Fund

No one, but . . .

Peter Albanese joins Brian Condon on the fund.

8/14

COGAX

Columbia Marsico Global Fund

James Gendelman is out as the Marsico empire continues to fold

Thomas Marisco remains as the sole portfolio manager

8/14

HRCVX

Eagle Growth and Income Fund

No one, but . . .

Harald Hvideberg has joined the team of Jeff Vancavage, John Pandtle, Edmund Cowart and David Blount.

8/14

FDRAX

Federated Managed Risk Fund

No one, but . . .

Michael Dieschbourg joins the team since every $5 million fund needs a 7th manager

8/14

GNVRX

Geneva Advisors All Cap Growth Fund

Richard Sheiner is no longer listed as a portfolio manager

Robert Bridges and John Huber remain.

8/14

GNEIX

Geneva Advisors Equity Income Fund

No one, but . . .

Gordon Scott joins Robert Bridges and John Huber

8/14

GNFRX

Geneva Advisors International Growth Fund

Robert Bridges and John Huber are no longer listed on the fund

Eswar Menon, Matthew Sherer, and Reiner Triltsch join Daniel Delany to manage the fund.

8/14

GNOIX

Geneva Advisors Small Cap Opportunities Fund

Robert Bridges is no longer listed as a portfolio manager on the fund.

Daniel Delany is joined by James Farrell

8/14

HGGIX

Harbor Global Growth Fund

James Gendelman of Marsico Capital is out

Thomas Marisco remains as the sole portfolio manager

8/14

HIAIX

Harford Index HLS Fund

Deane Gyllenhaal

Edward Caputo and Paul Bukowski

8/14

HFBAX

Highland Fixed Income Fund

William Healey and Mark Johnson

John Hakopian and Susan Richard take over

8/14

HTXAX

Highland Tax-Exempt Fund

Michael Caufield

John Hakopian and Susan Richard take over

8/14

WASAX

Ivy Asset Strategy Fund

No one, but . . .

F. Chace Brundige and Cynthia Prince-Fox join Michael Avery on the fund.

8/14

IBNAX

Ivy Balanced Fund

Cynthia Prince-Fox

Matthew Hekman takes over

8/14

IVDAX

Ivy Dividend Opportunities Fund

Cynthia Prince-Fox

Christopher Parker takes over

8/14

IBIAX

Ivy Global Equity Income Fund

John Maxwell is out.

Robert Nightengale remains

8/14

IVBAX

Ivy Global Income Allocation Fund

John Maxwell is out.

W. Jeffrey Surles remains.

8/14

IVINX

Ivy International Growth Fund

F. Chace Brundige

Sarah Ross takes over

8/14

WLTAX

Ivy Limited Term Bond Fund

No one, but . . .

Susan Regan joins Mark Otterstrom on the fund

8/14

IYSAX

Ivy Small Cap Value Fund

Christopher Parker

Kenneth Gau takes over

8/14

IYEAX

Ivy Tax-Managed Equity Fund

Sarah Ross

Bradley Klapmeyer takes over

8/14

JCAAX

Janus Global Allocation Fund – Conservative

Daniel Scherman

Ashwin Alankar joins Enrique Chang in running the fund.

8/14

JGCAX

Janus Global Allocation Fund – Growth

Daniel Scherman

Ashwin Alankar joins Enrique Chang in running the fund.

8/14

JMOAX

Janus Global Allocation Fund – Moderate

Daniel Scherman

Ashwin Alankar joins Enrique Chang in running the fund.

8/14

JUEAX

JPMorgan U.S. Equity Fund

Aryeh Glatter and Giri Devulapally are no longer listed as portfolio managers

Thomas Luddy, Susan Bao, Helge Skibeli, and Scott Davis remain.

8/14

SWMIX

Laudus International MarketMasters Fund

Indraneel Das from American Century is out

The rest of the extensive team remains.

8/14

LSCAX

Loomis Sayles Capital Income Fund

Warren Koontz is no longer a portfolio manager

Daniel Fuss and Arthur Barry remain as co-portfolio managers

8/14

LSVRX

Loomis Sayles Value Fund

Warren Koontz is no longer a portfolio manager

Arthur Barry continues to run the fund

8/14

LBNDX

Lord Abbett Bond Debenture Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Steven Rocco will join Robert Lee in managing the fund.

8/14

BELAX

Modern Technology Fund

Keith Pagan lasted less than a year, as did his predecessor

Marc Lewis gets the job of reconciling the prospectus (“we buy tech stocks”) with the portfolio (“we buy S&P500 futures and options”)

8/14

TMFEX

Motley Fool Epic Voyage Fund

No one, but . . .

Senior analyst, Nathan Weisser, became a co-portfolio manager on the fund, joining the rest of the team.

8/14

TMFGX

Motley Fool Great America Fund

No one, but . . .

Senior analyst, Nathan Weisser, became a co-portfolio manager on the fund, joining the rest of the team.

8/14

FOOLX

Motley Fool Independence Fund

No one, but . . .

Senior analyst, Nathan Weisser, became a co-portfolio manager on the fund, joining the rest of the team.

8/14

NLDAX

Neuberger Berman Large Cap Disciplined Growth Fund

Daniel Rosenblatt is no longer listed as a portfolio manager.

John Barker carries on as the sole manager.

8/14

BBALX

Northern Global Tactical Asset Allocation Fund

Peter Flood is no longer listed as a portfolio manager.

James McDonald joins Daniel Phillips and Robert Browne in running the fund

8/14

NTMAX

Nuveen Tactical Market Opportunities Fund

Walter French has announced his retirement from Nuveen Asset Management at the end of September.

David Friar, Keith Hembre, and Derek Bloom will continue to serve as portfolio managers on the fund.

8/14

OWLSX

Old Westbury Large Cap Strategies Fund

Oldfield Partners and Mr. Richard Oldfield are out.

The rest of the team remains.

8/14

PLVVX

PIMCO EMG International Low Volatility RAFI-PLUS AR

Scott Mather

Sudi Mariappa

8/14

PTSOX

PIMCO International Fundamental IndexPLUS AR Strategy

Scott Mather

Saumil Parikh

8/14

PLVBX

PIMCO International Low Volatility RAFI-PLUS AR

Scott Mather

Sudi Mariappa

8/14

PIPAX

PIMCO International StocksPLUS AR Strategy

Scott Mather

Saumil Parikh

8/14

PXLVX

PIMCO Low Volatility RAFI-PLUS AR

Scott Mather

Sudi Mariappa

8/14

PCFAX

PIMCO Small Company Fundamental IndexPLUS AR Strategy

Scott Mather

Saumil Parikh

8/14

PWWAX

PIMCO Worldwide Fundamental Advantage AR Strategy

Scott Mather

William H. Gross. Yes, that Bill Gross.

8/14

CEFFX

PSP Multi-Manager Fund (formerly known as the Congressional Effect Fund)

No one, but . . .

The fund adds several subadvisors, including RiverPark, and eight new managers, as part of a strategy and name change.

8/14

LDIFX

QS Batterymarch Managed Volatility Global Dividend Fund

Jeremy Wee is no longer listed as a portfolio manager.

Joseph Giroux and Stephen Lanzendorf remain.

8/14

LDICX

QS Batterymarch Managed Volatility International Dividend Fund

Jeremy Wee is no longer listed as a portfolio manager.

Joseph Giroux and Stephen Lanzendorf remain.

8/14

FMDNX

Rx Dividend Income Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMGCX

Rx Dynamic Growth

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMTCX

Rx Dynamic Total Return Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMHIX

Rx High Income Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMNTX

Rx Non Traditional Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMAPX

Rx Premier Managers Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMLAX

Rx Tactical Rotation Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMERX

Rx Tax Advantaged Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMTSX

Rx Traditional Equity Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

FMFSX

Rx Traditional Fixed Income Advisor

Chase Weaver is out

Steven Wruble, Greg Rutherford, and D. Jerry Murphey will manage the fund

8/14

SAFAX

Seeyond Multi-Asset Allocation Fund

No one, but . . .

Jonathan Birtwell joins the team.

8/14

FOBAX

Tributary Balanced Fund

No one, but . . .

Ronald Horner will be added as a portfolio manager .  David Jordan and Charles Lauber comanaged the fund from 2006-2010.  Jordan returned in 2013 and left again in August 2014.  Lauber then replaced Jordan and is now partnered with Horner.  It’s remained a very, very solid fund throughout.

8/14

FOGRX

Tributary Growth Opportunities Fund

No one, but . . .

Charles Lauber has been comanaging the fund since 2006.  His long-time partner David Jordan left in August and Kurt Spieler will be added as a portfolio co-manager.

8/14

USFSX

USFS Funds Tactical Asset Allocation Fund

Robert Cummisford is no longer listed as a portfolio manager.

Tommy Huie carries on.

8/14

VQNPX

Vanguard Growth & Income Fund

No one, but . . .

Philip Kearns joins Anne Dinning, Hal Reynolds, Thomas Stevens, James Troyer, James Stetler and Michael Roach on the management team.

8/14

VIAFX

Victory International Fund

Matthias Knerr and Chris La Jaunie

Elie Masri

8/14

IMCVX

Voya Multi-Manager Mid Cap Value Fund

No one, but . . .

Greg Sleight and Guy Lakonishok were added to the team.

8/14

UNASX

Waddell & Reed Asset Strategy Fund

No one, but . . .

F. Chace Brundige and Cynthia Prince-Fox join Michael Avery on the fund.

8/14

UNCIX

Waddell & Reed Continental Income Fund

Cynthia Prince-Fox

Matthew Hekman takes over

8/14

WDVAX

Waddell & Reed Dividend Opportunities Fund

Cynthia Prince-Fox

Christopher Parker takes over

8/14

UNCGX

Waddell & Reed International Growth Fund

F. Chace Brundige

Sarah Ross takes over

8/14

WTEAX

Waddell & Reed Tax-Managed Equity Fund

Sarah Ross

Bradley Klapmeyer takes over

8/14

WMMRX

Wilmington Multi-Manager Real Asset Fund

HSBC Global Asset Management and Ell Realty Securities are no longer subadvisors to the fund. Julien Renoncourt, Peter Nieuwland, Alfred Otero, James Rehlaender, and Suang Eng Tsan are no longer listed as portfolio managers.

The remaining managers are George Chen, Steven Burton, T. Ritson Ferguson, Joseph Smith, Mihir Worah, Thomas Pierce, Todd Murphy, and Rahul Seksaria.

8/14

 

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About Chip

Cheryl Welsch, MBA (Western Governors). Cofounder, technical director. Chip is the lead developer for information technology, virtual reality, and business programs 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.