Manager changes, January 2016

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
SPEAX Alger Mid Cap Focus Fund Dan Chung is no longer listed as a portfolio manager of the fund Alex Goldman is the portfolio manager of the fund. 1/16
ALSAX Alger Small Cap Growth Portfolio Jill Greenwald is on temporary medical leave. Daniel Chung will serve as portfolio manager in her absense. Amy Zhang will remain on the fund. 1/16
PGWAX AllianzGI Focused Growth Fund No one, right now. However, Scott Migliori will be leaving the fund as of June 30, 2016. Raphael Edelman is joining Mssr. Migliori, Karen Hiatt, and David Jedlicki on the management team. On June 30, Ms. Hiatt will assume the role of lead portfolio manager. 1/16
ACCVX American Century Capital Value Fund Matt Titus is no longer listed as a portfolio manager for the fund. Brian Woglom joins Brendan Healy in managing the fund. 1/16
ALPAX American Century Large Company Value Fund Matt Titus is no longer listed as a portfolio manager for the fund. Brian Woglom joins Brendan Healy in managing the fund. 1/16
ATASX Aston Small Cap Fund – formerly Aston TAMRO Small Cap, soon-to-be AMG GW&K Small Cap Growth Fund TAMRO Capital Partners have been discharged from their subadvisor role. Therefore, Philip Tasho and Timothy Holland are no longer listed as portfolio managers for the fund. GW&K Investment Management, LLC is now subadvisor to the fund. Daniel Miller and Joseph Craigen now manage the fund. 1/16
CTBIX ASTON/TCH Fixed Income Fund Tere Alvarez Canida, TCH’s founder, will no longer serve as a portfolio manager for the fund. Janelle Woodward and Frank Reda join Daniela Mardarovici, Scott Kimball, Alan Habacht and William Canida in managing the fund. 1/16
AVEMX Ave Maria Catholic Values Fund Gregory Heilman is no longer listed as a portfolio manager for the fund. Timothy Schwartz and Joseph Skornicka join George Schwartz in running the fund. 1/16
BTSMX Boston Trust SMID Cap Fund Stephen Franco and Heidi Vanni are no longer listed as managers of the fund. Kenneth Scott will continue to run the fund. 1/16
CLPAX Catalyst/Lyons Hedged Premium Return Fund No one, but … Matthew Ferratusco joins Brent Haworth, Alexander Read, and Michael Schoonover in managing the fund 1/16
CLTAX Catalyst/Lyons Tactical Allocation Fund No one, but … Matthew Ferratusco joins Brent Haworth, Alexander Read, and Michael Schoonover in managing the fund 1/16
LTFAX Columbia Acorn Select Robert Chalupnik is deceased. David Frank joins Matthew Szafranski in managing the fund. 1/16
CSVFX Columbia Global Dividend Opportunity Dean Ramos and Steven Schroll are no longer listed as portfolio managers for the fund. Stephen Thornber and Jonathan Crown are now managing the fund. 1/16
INEGX Columbia Global Equity Value Fund Dean Ramos, Steven Schroll, and Paul Stocking are no longer listed as portfolio managers for the fund. Fred Copper, Melda Mergen, and Peter Santoro are now managing the fund. 1/16
SMCEX Columbia Small Cap Core Fund Paul Szczygiel and Jeffrey Hershey are no longer listed as portfolio managers for the fund Alred Alley, III and Brian Condon are now managing the fund. 1/16
TLVUX Consulting Group Large Capitalization Value Equity Fund HGK Asset Management is no longer a subadvisor to the fund. Delaware Investments Fund Advisers is a new subadvisor to the fund. 1/16
FUTEX Discretionary Managed Futures Strategy Fund Robert Johnson no longer serves as a portfolio manager of the fund. Brian Borneman, John Milne, Robert Vear, and Deborah Wingerson continue to manage the fund. 1/16
DDBAX Dreyfus Emerging Markets Debt Local Currency Fund Alexander Kozhemiakin is no longer listed as a portfolio manager to the fund. Javier Murcio and Federico Garcia Zamora continue to manage the fund. 1/16
DTMAX Dreyfus Total Emerging Markets Fund Alexander Kozhemiakin is no longer listed as a portfolio manager to the fund. Josephine Shea, Federico Garcia Zamora and Gaurav Patankar join Sean Fitzgibbon in managing the fund. 1/16
FABLX Fidelity Advisor Balanced Fund Peter Saperstone is no longer listed as a portfolio manager on the fund. Peter Dixon joins Ford O’Neil, Monty Kori, Jonathan Kasen, Brian Lempel, Tobias Welo, Robert Stansky, Pierre Sorel, Douglas Simmons, Robert Lee, and Steven Kaye in managing the fund. 1/16
FCVAX Fidelity Advisor Small Cap Value Fund Charles Myers no longer serves as a co-manager of the fund. Derek Janssen will continue to manage the fund. 1/16
FCONX Fidelity Conservative Income Bond Fund No one, but . . . Kim Miller is joined by Robert Chan and Robert Galusza. 1/16
FLATX Fidelity Latin America Fund Adam Kutas no longer serves as lead portfolio manager of the fund. Will Pruett will continue to manage the fund. 1/16
FSAEX Fidelity Series All-Sector Equity Fund Peter Saperstone is no longer listed as a portfolio manager on the fund. Peter Dixon joins Jonathan Kasen, Brian Lempel, Tobias Welo, Robert Stansky, Pierre Sorel, Douglas Simmons, Robert Lee, and Steven Kaye. 1/16
PISRX Forward International Small Companies Fund Oliver Knobloch will no longer serve as a portfolio manager for the fund. The remaining members of the management team, David Janec, Nathan Rowader, Paul Broughton, Bill Barker, and Justin Hill, remain. 1/16
IHSAX Hartford Small Company Fund Jamie Rome will be withdrawing from Wellington Management (the subadvisor) at the end of June. He will no longer serve as a portfolio manager to the fund, effective immediately. Mammen Chally, Stephen Mortimer, Mario Abularach, and Steven Angeli will continue to manage the fund. 1/16
HEMAX Henderson Emerging Markets Fund No one, but … Michael Cahoon will be joining Glen Finegan in managing the fund at the end of February. 1/16
HFOAX Henderson International Opportunities Fund No one, but Ian Warmerdam will be taking a sabbatical through the end of 2016. Ronan Kelleher will continue to manage the fund. On January 1, 2017, Mssr. Warmerdam will return to his management responsibilities. 1/16
HPEAX Highland Premier Growth Equity Fund GE Asset Management will be terminated as a subadvisor effective March 1, 2016. David Carlson will no longer server as portfolio manager. Highland Captial Management will advise the fund. James Dondero and Michael Gregory are the new portfolio managers. 1/16
HISIX Homestead International Equity Fund Teddy Wong and Dwayne Hancock are no longer listed as portfolio managers. Ferrill Roll and Alexander Walsh will manage the fund. 1/16
JAIGX Janus Aspen Overseas Portfolio Brent Lynn is no longer listed as a porfolio manager George Maris is now managing the fund. 1/16
JMFAX Janus Emerging Markets Fund Wahid Chammas is no longer listed as a portfolio manager for the fund. Hiroshi Yoh will continue to manage the fund. 1/16
JDCAX Janus Forty Fund No one, but … Nick Shommer joins A. Douglas Rao in managing the fund. 1/16
JNOSX Janus Overseas Fund Brent Lynn is no longer listed as a porfolio manager George Maris is now managing the fund. 1/16
KZSIX Kaizen Hedged Premium Spreads Fund Wayne Ferbert and Jay Pestrichelli are no longer listed as portfolio managers of the fund. Matthew Thompson and Michael Thompson are managing the fund. 1/16
KFGAX KF Griffin Blue Chip and Covered Call Griffin Asset Management will no longer subadvise the fund and Douglas Famigletti will no longer serve as a portfolio manager for the fund. James Fields and Jonathan Roberts have taken over as portfolio managers to the fund as caretakers ahead of its liquidation. 1/16
MASNX Litman Gregory Masters Alternative Strategies Fund Tim Garry will no longer serve as a portfolio manager for the fund, effective immediately The rest of the extensive team remains. 1/16
PEAFX PIMCO RAE Fundamental Emerging Markets Fund Jason Hsu is no longer listed as a portfolio manager for the fund. The fund is now jointly managed by Robert Arnott and Christopher Brightman. 1/16
PZRAX PIMCO RAE Fundamental Global ex-US Fund Jason Hsu is no longer listed as a portfolio manager for the fund. The fund is now jointly managed by Robert Arnott and Christopher Brightman. 1/16
PFQAX PIMCO RAE Fundamental Global Fund Jason Hsu is no longer listed as a portfolio manager for the fund. The fund is now jointly managed by Robert Arnott and Christopher Brightman. 1/16
PPYAX PIMCO RAE Fundamental International Fund Jason Hsu is no longer listed as a portfolio manager for the fund. The fund is now jointly managed by Robert Arnott and Christopher Brightman. 1/16
PKAAX PIMCO RAE Fundamental US Fund Jason Hsu is no longer listed as a portfolio manager for the fund. The fund is now jointly managed by Robert Arnott and Christopher Brightman. 1/16
PMJAX PIMCO RAE Fundamental US Small Fund Jason Hsu is no longer listed as a portfolio manager for the fund. The fund is now jointly managed by Robert Arnott and Christopher Brightman. 1/16
SBMBX Saratoga Energy & Basic Materials Fund David Cohen is no longer managing the fund. John Brim, Stephanie Jones, and Stephen Smith will manage the fund. 1/16
SFPAX Saratoga Financial Service Portfolio Fund Thomas Finucane will no longer manage the fund John Brim and Stephen Smith will manage the fund. 1/16
SLCGX Saratoga Large Capitalization Growth Portfolio Fund Aziz Hamzaogullari John Brim and Stephen Smith will manage the fund. 1/16
SEEFX Saturna Sustainable Equity Fund Paul Meeks is no longer listed as a portfolio manager for the fund. Nicholas Kaiser joins Peter Nielsen in managing the fund. 1/16
SSGFX Sextant Growth Fund Paul Meeks is no longer listed as a portfolio manager for the fund. Tyler Howard joins Scott Klimo in managing the fund. 1/16
BGFAX UBS Asset Growth Fund  Curt Custard – whose name brings to mind images of a lemony pudding – no longer serves as a portfolio manager for the fund Luke Browne, Richard Lloyd and Philip Brides continue to manage the fund. 1/16
BNAAX UBS Dynamic Alpha Fund  Curt Custard no longer serves as a portfolio manager for the fund Jonathan Davies and Andreas Koester continue to manage the fund 1/16
BNGLX UBS Global Allocation Fund   Curt Custard no longer serves as a portfolio manager for the fund Jonathan Davies, Philip Brides and Andreas Koester continue to manage the fund 1/16
PWTAX UBS U.S. Allocation Fund Curt Custard is no longer a portfolio manager of the fund, effective immediately. Andreas Koester will continue to manage the fund. 1/16
VFTSX Vanguard FTSE Social Index Fund Christine Franquin is no longer listed as a portfolio manager of the fund William Coleman and Gerard O’Reilly will manage the fund. 1/16
VMRGX Vanguard Morgan Growth Fund Kalmar Investment Advisors is no longer a subadvisor to the fund. Dana Walker and Ford Draper are no longer listed as portfolio managers. The rest of the team, James Stetler, Paul Marrkand, Kathleen McCarragher, Stephen Knightly, Christopher Scarpa, Michael Roach, James Troyer, and Blair Boyer, remain to manage the fund. 1/16
MUXAX Victory S&P 500 Index Fund Michael Mikha and Eric Lessnau Dan Banaszak, Robert Bateman, David Hallum, Stephen Hammers, and Alex Pazdan are managing the fund. 1/16
IGPAX Voya Global Target Payment Fund No one, but … Jody Hrazanek joins Paul Zemsky as a mangerfor the fund. 1/16
NAWGX Voya Global Value Advantage Fund No one, but … Maya Venkatraman joins James Ying, Vincent Costa, Christoper Corapi, and Martin Jansen on the management team. 1/16
IEDAX Voya Large Cap Value Fund No one, but … James Dorment joins Kristy Finnegan, Vincent Costa, and Christopher Corapi in managing the fund. 1/16
WASMX Walden SMID Cap Innovations Fund Stephen Franco and Heidi Vanni are no longer listed as managers of the fund. Kenneth Scott will continue to run the fund. 1/16
WALTX Wells Fargo Alternative Strategies Fund Tim Garry will no longer serve as a portfolio manager for the fund, effective immediately The rest of the extensive team remains. 1/16
SILAX Wells Fargo Diversified International Fund Jeffrey Everett in longer on the management team. Mark Yockey, Josef Lakonishok, Puneet Mansharamani, Menno Vermeulen, and Dale Winner remain as portfolio managers for the fund. 1/16
WGLAX Wells Fargo Global Long/Short Fund Jeffrey Everett in longer on the management team. Dale Winner will continue to manage the fund. 1/16
WFEAX Wells Fargo International Equity Fund   Jeffrey Everett in longer on the management team. Dale Winner will continue to manage the fund. 1/16
IPBAX Wells Fargo Real Return Jeffrey Everett in longer on the management team. Kandarp Acharya, Michael Bradshaw, Christian Chan, Ann Miletti, Jay Mueller, Thomas Price and Dale Winner remain as portfolio managers for the fund. 1/16
WTMGX Westcore MIDCO Growth Fund Brian Fitzsimons, Mitch Begun, Adam Bliss, and Jeffrey Loehr are no longer managing the fund. Craig Juran will manage the fund. 1/16
WTSLX Westcore Select Fund Brian Fitzsimons, Mitch Begun, Adam Bliss, F. Wiley Reed and Jeffrey Loehr are no longer managing the fund. Craig Juran will manage the fund. 1/16
WTSGX Westcore Small-Cap Growth Fund Jeffrey Loehr and F. Wiley Reed are no longer listed as portfolio managers for the fund. Mitch Begun, Adam Bliss and Brian Fitzsimons will continue to manage the fund 1/16

 

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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.