Manager changes, May 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
ACSCX American Century Small Cap Value James Pitman Benjamin Giele and Jeff John 5/12
BMCAX BlackRock Mid-Cap Value Equity Anthony Forcione Timothy Keefe 5/12
IRFAX Cohen & Steers International Realty Portfolio manager Scott Crowe is leaving the firm Jon Cheigh 5/12
CSRSX Cohen & Steers Realty Shares No one, but … Tom Bohjalian will join Jon Cheigh as comanager. 5/12
CSVAX Columbia Strategic Investor Emil Gjester and Jonas Patrikson have stepped down Steven Schroll, Laton Spahr, and Paul Stocking will be the new managers. They’ve delivered solid performance on other Columbia funds. 5/12
EVRAX Columbia Value & Restructuring David Williams, manager since inception, retired. Comanagers Nick Smith and Guy Pope remain. 5/12
FDSSX Fidelity Stock Selector All Cap No one, but … Gordon Scott joined the team 5/12
FTEMX Fidelity Total Emerging Markets No one, but … Greg Lee, an e.m. stock manager, became the 7th comanager 5/12
FRVLX Franklin Small Cap Value Y. Dogan Sahin has stepped down. Four comanagers remain. 5/12
GIEIX GE Institutional International Equity Paul Nestro and Brian Hopkinson Lead manager Ralph Layman and two comanagers remain 5/12
GUSIX GE Institutional U.S. Equity Thomas Lincoln The other comanagers remain. 5/12
HRSVX Heartland Select Value Comanager Hugh Denison has stepped down in anticipation of retirement. The comanagers remain. 5/12
IEDAX ING Large Cap Value David Powers Comanagers Robert Kloss and Christopher Corapi remain 5/12
JCUAX John Hancock II Currency Strategies J No one, but … Jeppe Ladekarl will join current managers Ken Ferguson and Dori Levanoni 5/12
JPSAX JPMorgan US Dynamic Plus Christopher Blum was promoted. Alonzo, Dennis Ruhl, and Pavel Vaynshtok 5/12
SSIAX Legg Mason Investment Counsel Social Awareness David Kafes has left as comanager. Aimee Eudy will join Ronald Bates as comanager 5/12
LAALX Leuthold Asset Allocation Long time co-manager, Andrew Engel died. The other comanagers remain. 5/12
LCORX Leuthold Core Investment Long time co-manager, Andrew Engel died. The other comanagers and Leuthold’s quant screens remain. 5/12
MGVAX MainStay Government No one, but … Steven Rich was added as comanager. 5/12
MACSX Matthews Asian Growth & Income Jesper Madsen, who led the fund after Andrew Foster departed to found Seafarer Capital, stepped down CIO Robert Horrocks and relative newbie Ken Lowe remain as comanagers 5/12
NTGAX Nuveen Tradewinds Global Resources David Iben, Alberto Jimenez Crespo, and Gregory Padilla are left to join Vinik Asset Management Emily Alejos and Drew Thelen, the firms new co-CIOs 5/12
OAKLX Oakmark Select Henry Berghoef, long-time co-manager, will retire at the end of July. Lead manager Bill Nygren will run the fund 5/12
PRBLX Parnassus Equity Income No one, but … Benjamin Allen is promoted to comanager. 5/12
CVFCX Pioneer Cullen Value Subadvisor Cullen Capital Management, including team leader and firm founder, James Cullen Edward “Ned” Shadek and John Peckham 5/12
TGGWX TCW Enhanced Commodity Strategy Claude Erb Tad Rivelle joins current comanagers Steven Kane and Bret Barker 5/12
BNIEX UBS International Equity No one, but … Stephan Maikkula was added as a comanager 5/12
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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.