Manager changes, January 2015

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

AFNAX

AAM/Bahl & Gaynor Income Growth Fund

No one, but . . .

James Russell joins  the extensive team

1/15

AFXAX

American Beacon Flexible Bond Fund

Sauimil Parikh has left the team

Marc Seidner joined the team

1/15

MMCFX

AMG Managers Emerging Opportunities Fund

Donald Longlet no longer serves as a portfolio manager

Thoman Dignard has joined the other 12 people on the team

1/15

BFSAX

BFS Equity Fund

No one, but . . .

In a slight shuffle, Keith LaRose is no longer the lead portfolio manager, but he remains a co-manager on the fund. Timothy Foster steps up to lead manager position. Thomas Sargent remains as a co-portfolio manager.

1/15

BEEAX

BlackRock Emerging Market Allocation Portfolio

David Dali is out, after only five months as a portfolio manager.

Jeff Shen and Gerardo Rodriguez carry on.

1/15

BMMAX

BlackRock Multi-Manager Alternative Strategies Fund

Loeb King Capital Management will no longer be a sub-adviser to the fund because, well, Loeb King is getting out of the business entirely.

The other sub-advisers will take over the portion of the fund formerly managed by Loeb King.

1/15

BUFHX

Buffalo High Yield Fund

No one, but . . .

Jeffrey Deardorff has joined Paul Dlugosch, Alexander Hancock, and Jeffrey Sitzmann in managing the fund

1/15

BUFSX

Buffalo Small Cap Fund

John Bichelmeyer no longer serves as a portfolio manager

Jamie Cuellar has joined the team of Kent Gasaway and Robert Male to manage the fund.

1/15

MLOAX

Cohen & Steers Mlp & Energy Opportunity Fund

No one, but . . .

Robert Becker and Benjamin Morton are joined by Tyler Rosenlicht

1/15

NMGIX

Columbia Marsico Growth Fund

No one, but . . .

Kevin Boone joins Coralie Witter and Thomas Marsico on the fund management team.

1/15

CGOAX

Columbia Small Cap Growth Fund I

No one, but . . .

Daniel Cole joins Wayne Collette, Lawrence Lin, and Rahul Narang as a comanager on the fund

1/15

AAAAX

Deutsche Alternative Asset Allocation Fund

No one, but . . .

Pankah Bhatnagar and Darwei Kung are joined by John Vojticek

1/15

ETEGX

Eaton Vance Small-Cap Fund

No one, but . . .

Michael McLean and J. Griffith Noble have joined Nancy Tooke in managing the fund.

1/15

EVSEX

Eaton Vance Special Equities Fund

No one, but . . .

Michael McLean and J. Griffith Noble have joined Nancy Tooke in managing the fund.

1/15

SAOAX

Guggenheim Alpha Opportunity Fund

Michael Byrum and Ryan Harder are no longer listed as portfolio managers

Jayson Flowers, Burak Hurmeydan, Samir Sanghai, and Farhan Sharaff are now listed as portfolio managers

1/15

HACMX

Harbor Commodity Real Return Strategy Fund

No one, but . . .

Nicholas Johnson and Jeremie Banet joined Mihir Worah as portfolio managers

1/15

HARRX

Harbor Real Return Fund

No one, but . . .

Jeremie Banet joined Mihir Worah as portfolio manager

1/15

HAUBX

Harbor Unconstrained Bond Fund

Sauimil Parikh is no longer listed as a portfolio manager

Marc Seidner joined Mohsen Fahmi and Daniel Ivascyn as a portfolio manager

1/15

NWQAX

Nuveen NWQ Flexible Income Fund

Michael Carne is no longer a portfolio manager, an odd and disturbing development since he’s done a splendid job of building a distinctive, conservative little fund here.

Susi Budiman and Thomas Ray have taken over.

1/15

OAFIX

Optimum Fixed Income Fund

Sauimil Parikh is no longer listed as a portfolio manager

Jerome Schneider and Marc Seidner join the team of Christopher Testa, Steven Landis, J. David Hillmeyer, Roger Early, Wen-Dar Chen, and Paul Grillo

1/15

PXINX

Pax MSCI International ESG Index Fund

No one, but . . .

Scott LaBreche and Greg Hasevlat join Christopher Brown in managing the fund

1/15

PXHAX

PaxWorld High Yield Bond Fund

No one, but . . .

Mary Austin is joined by Kent Siefers

1/15

PCLAX

PIMCO CommoditiesPLUS® Strategy Fund

No one, but . . .

Greg Sharenow has joined Nicholas Johnson in managing the fund

1/15

PCRAX

PIMCO CommodityRealReturn Strategy Fund®

No one, but . . .

Nicholas Johnson and Jeremie Banet joined Mihir Worah as portfolio managers

1/15

PZRMX

PIMCO Inflation Response Multi-Asset Fund

No one, but . . .

Nicholas Johnson joined Mihir Worah as a portfolio manager

1/15

PIPAX

PIMCO International StocksPLUS AR Strategy

Saumil Parikh

Mohsen Fahmi and Sudi Mariappa

1/15

PRAIX

PIMCO Real Return Asset Fund 

No one, but . . .

Jeremie Banet joins Mihir Worah in managing the fund

1/15

PRTNX

PIMCO Real Return Fund

No one, but . . .

Jeremie Banet joins Mihir Worah in managing the fund

1/15

PETAX

PIMCO RealEstateRealReturn Strategy Fund

No one, but . . .

Nicholas Johnson and Jeremie Banet joined Mihir Worah as portfolio managers

1/15

PUBAX

PIMCO Unconstrained Bond Fund

Sauimil Parikh is no longer listed as a portfolio manager.

Marc Seidner joins Mohsen Fahmi and Daniel Ivascyn as a portfolio manager. I wonder what’s up with all the turnover at PIMCO?

1/15

PLBBX

Plumb Balanced Fund

Timothy O’Brien and Ken Cavalluzzo are no longer associated with the funds.

Thomas Plumb and Nathan Plumb carry on.

1/15

PLBEX

Plumb Equity Fund

Timothy O’Brien and Ken Cavalluzzo are no longer associated with the funds.

Thomas Plumb and Nathan Plumb carry on.

1/15

PMDEX

PMC Diversified Equity Fund

No one, but . . .

Janis Zvingelis joins the extensive team

1/15

PNRAX

Putnam Research Fund

Steven Curbow is no longer listed as a portfolio manager

Jacquelyne Cavanaugh and Kathryn Lakin join Neil Desai, Aaron Cooper, Walter Scully, Ferat Ongoren, and Kelsey Chen

1/15

STCIX

RidgeWorth Large Cap Growth Stock Fund

Joe Ransom is no longer listed as a portfolio manager on the fund

Christopher Guinther, Michael Sansoterra, and Sandeep Bhatia will continue on

1/15

SCGIX

RidgeWorth Small Cap Growth Stock Fund

Joe Ransom is no longer listed as a portfolio manager on the fund

Christopher Guinther, Michael Sansoterra, and Sandeep Bhatia will continue on

1/15

RSCHX

RS China Fund

No one, but . . .

Michael Ade joins Michael Reynal and Tony Chu in managing the fund.

1/15

GBEMX

RS Emerging Markets Fund

No one, but . . .

Michael Ade joins Michael Reynal in managing the fund.

1/15

RSMSX

RS Emerging Markets Small Cap Fund

No one, but . . .

Michael Ade and Peter Luo join Michael Reynal in managing the fund

1/15

TRECX

T. Rowe Price Emerging Markets Corporate Bond Fund

Michael Conelius, the lead guy on Price’s EM bond team, will step down as portfolio manager in October 2015, at which point …

Samy Muaddi takes over management of the fund.

1/15

PACEX

T. Rowe Price Emerging Markets Corporate Bond Fund Advisor

Michael Conelius phases out in October 2015

Samy Muaddi takes over management of the fund

1/15

TASVX

Target Small Capitalization Value Fund

As part of a change in strategy and policies, the existing subadvisors are out, along with Morley Campbell, Phillip Hart, Chad Fargason, Dennis Alfff, Robert Weller, Robert Bridges, and John Mowrey.

Quantitative Management Associates is the new subadvisor. The new portfolio management team consists of Stephen Courtney, Robert Leung, Mitchell Stern, and Deborah Woods.

1/15

FINEX

Templeton Foreign Smaller Companies Fund

Cynthia Sweeting and Martin Cobb, who were added on the same day in 2011 were also moved off the fund on the same day in 2015.

Manager Harlan Hodes is joined by David Tuttle, hoping to discover a way out of a four year run of regrettable performance.

1/15

HEQFX

The Henssler Equity Fund

Theodore Parrish no longer serves as a portfolio manager for the fund

Gene Henssler, Scott Keller, William Lako, and Troy Harmon remain.

1/15

VCVSX

Vanguard Convertible Securities Fund

Larry Keele, who cofounded Oaktree and has been managing the fund since 1996, retires in June.

Stuart Spangler joins the existing team of Larry Keele, Jean-Paul Nedelec, and Abe Ofer

1/15

CBEAX

Wells Fargo Advantage C&B Large Cap Value Fund

No one, but . . .

Andrew Armstrong joins the rest of the team

1/15

STYAX

Wells Fargo Advantage Income Plus Fund

No one, but . . .

Noah Wise is added as a portfolio manager. He will join Thomas Price, Michael Bray, and Janet Rilling

1/15

GVIEX

Wilmington Multi-Manager International Fund

George Chen is no longer a portfolio manager

The rest of the extensive team remains.

1/15

WMMRX

Wilmington Multi-Manager Real Assets Fund

George Chen is no longer a portfolio manager

David Stein, Thomas Seto, Todd Murphy, Thomas Pierce, Mihir Worah, Joseph Smith, T. Ritson Ferguson, and Steven Burton remain.

1/15

 

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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.