Manager changes, April 2012

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
XXXXX American Century’s Strategic Allocation funds and the firm’s Livestrong target-date series Irina Torelli, a portfolio manager on the asset-allocation team The other 26 remain 4/12
BJGQX Artio Global Equity Rudolph-Riad Younes and Dimitre Genov Keith Walter 4/12
CHASX Chase Growth Peter C. Wood retires. Edward S. Painvin, previously of Allianz-RCM 4/12
CMMZX Columbia Absolute Return Emerging Markets Macro Richard House and Agnes Belaisch, about whose performance you can say little.  Its closest competitor, Forward Credit Analysis Long/Short, has done a lot better but doesn’t focus on emerging markets. Nicholas Pifer and Jim Carlen 4/12
RFRAX Columbia Floating Rate No one, but … Ronald Launsbach joins the team 4/12
APIAX Columbia Multi-Advisor International Value Subadviser Tradewinds is out. Is this related to Dave Iben’s departure? Dimensional Fund Advisors and Mondrian Investment Partners remain as subadvisors 4/12
FIEUX Fidelity Europe Melissa Reilly Riesteard Hogan 4/12
FDEGX Fidelity Growth Strategie Steven Calhoun Chris Lee 4/12
FISEX Franklin Equity Income Frank Felicelli, manager since inception in 1988 Comanagers Alan Muschott, Ed Perks, and Matt Quinlin remain. 4/12
GCMAX Goldman Sachs Mid Cap Value Comanager Scott Carroll resigned. Other team members will assume his duties. 4/12
GIEYX GuideStone Funds International Equity Tradewinds Global Investors has been terminated as a sub-adviser, just a month after president, David Iben, announces that he’s leaving with three analysts. Ten other subadvisors remain. 4/12
ITTAX Hartford Advisers Irons and Peter Higgins, managers since 2005, are stepping down. Karen Grimes. 4/12
JFAMX JPMorgan Emerging Markets Equity Greg Mattiko Lead manager Austin Forey and comanager and CIO Richard Titherington remain on the fund 4/12
LMVTX Legg Mason Capital Management Value Trust Bill Miller leaves after 30 years.  Sad end to an overblown career. Sam Peters, his planned successor, will continue, as will assistant portfolio manager, Mary Chris Gay 4/12
MERGX Marsico Emerging Markets Charlie Wilson is the latest to leave the firm.  Wilson is the latest in a string of mid- to high-level departures Comanagers Munish Malhotra and Josh Rubin remain 4/12
MERDX Meridian Growth Founder and manager Richard Aster died on February 12, at the age of 72 from a traumatic head injury. Larry Cordisco, a former portfolio manager of Meridian Value (MVALX), returned to the firm to join William Tao.  Kevin O’Boyle, another talented returnee, will oversee research but does not carry a “manager” title 4/12
FASKX Nuveen Large Cap Value Kevin Earley and Brent Mellum Cori Johnson, Gerald Bren and Derek Sadowsky 4/12
FASEX Nuveen Mid Cap Value Kevin Earley and Brent Mellum Karen Bowie and David Chalupnik 4/12
QRAAX Oppenheimer Commodity Strategy Total Return Kevin Baum has resigned from the firm Comanager, Robert Baker, and bond component manager, Carol Wolfe, will remain. 4/12
POAGX Primecap Odyssey Aggressive Growth Howard Schow, comanager, died on Sunday, April 8, at the age of 84. Other comanagers remain. 4/12
POGRX Primecap Odyssey Growth Howard Schow Other comanagers remain. 4/12
POSKX Primecap Odyssey Stock Howard Schow Other comanagers remain. 4/12
PGCOX Putnam Global Consumer Timothy Codrington The existing comanagers remain 4/12
PHSTX Putnam Global Health Care Christopher Stevo The existing comanagers remain 4/12
EBERX Putnam Natural Resources John Morgan The existing comanagers remain 4/12
UMBWX Scout International Fund Gary Anderson Michael D. Stack 4/12
SSGFX Sextant Growth No one, but … Paul Meeks has been hired by advisor, Saturna Capital. 4/12
STRGX Stratton Multi Cap James Beers Andrew DiZio, John Affleck and Shawn Gallagher 4/12
STMDX Stratton Real Estate James Beers Andrew DiZio, John Affleck and Shawn Gallagher 4/12
PRGSX T. Rowe Price Global Stock Rob Gensler, once Price’s hottest young manager, is retiring. Dave Eiswert is taking over as manager 4/12
PRGTX T. Rowe Price Global Technology Dave Eiswert is leaving to take over PRGSX and TRGSX. Josh Spencer will move up. 4/12
TRGSX T. Rowe Price Institutional Global Equity Rob Gensler is retiring. Dave Eiswert is taking over as manager 4/12
TCOEX Tactical Offensive Equity Fund No one, but … Lui-Er Chen of Delaware Management Company is added as a sub-adviser 4/12
TFEMX Touchstone Emerging Markets Equity II Patricia Perez-Coutts Comanager, Stephen Way, will remain 4/12
TEMAX Touchstone Emerging Markets Equity Patricia Perez-Coutts Comanager, Stephen Way, will remain 4/12
BEAAX U.S Equity Alph Thomas Cole John Leonard 4/12
BNGEX UBS Global Equity Fund Nicholas Melhuish Nicholas Irish 4/12
BNVAX UBS US Equity Opportunity Thomas Cole John Leonard 4/12
BNEQX UBS US Large Cap Equit Thomas Cole John Leonard 4/12
VHCOX Vanguard Capital Opportunity Howard Schow, comanager, died on Sunday, April 8, at the age of 84. Other comanagers remain. 4/12
VPCCX Vanguard Primecap Core Howard Schow Other comanagers remain. 4/12
VPMCX Vanguard Primecap Howard Schow Other comanagers remain. 4/12
SFAAX Wells Fargo Advantage Index Asset Allocation Gregory Genung Petros Bocray 4/12
WMMFX Wilmington Multi-Manager International Fund Amanda M. Cogar All the rest remain 4/12

 

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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.