Manager Changes, July 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 Date
AAIEX American Beacon International Equity Gary Motyl passed away last month Cindy Sweeting and Antonio Docal were named as portfolio managers 7/12
BIBDX BlackRock Global Dividend Income No one, but … Andrew Wheatley-Hubbard joins the team as a comanager 7/12
BGORX BlackRock Global Opportunities Michael Carey is no longer manager Nigel Hart, managing director of BlackRock, will become comanager with the existing team of Ian Jamieson and Thomas Callan. 7/12
MMCIX BNY Mellon Small/Mid Cap No one, but … Alexander Budny III and Charles Trafton will be added as comanagers 7/12
CVARX Calamos Value No one, but … Three new managers, Jeff Miller, Ariel Fromer, and Tammy Miller, join the team. 7/12
SLMCX Columbia Seligman Communications & Information No one, but … Ajay Diwan is joining the management team of Paul Wick, Richard Parower, Vishal Saluja, and Sushil Wagle 7/12
CSMIX Columbia Small Cap Value I Stephen D. Barbaro will retire at the end of the year His comanager, Jeremy H. Javidi, assumed the role of lead manager on June 30, 2012, with John Barret continuing to comanage. 7/12
CTCAX Columbia Technology No one, but … Rahul Narang has joined lead manager, Wayne Collette. 7/12
CRISX CRM Mid Cap Value No one, but … Robert Rewey III has joined as a comanager 7/12
CRIAX CRM Small/Mid Cap Value No one, but … Jonathan Ruch has joined as a comanager 7/12
DLMAX Delaware Mid Cap Value No one, but … Steven Catricks, Kelley McKee, and Kent Madden, three equity analysts, have been promoted to comanagers 7/12
DEVLX Delaware Small Cap Value No one, but … Steven Catricks, Kelley McKee, and Kent Madden, three equity analysts, have been promoted to comanagers 7/12
DIGFX Dreyfus Basic US Mortgage Securities No one, but … Karen Gemmett has joined as a comanager. 7/12
DIAVX Dreyfus Inflation Adjusted Securities No one, but … Nate Pearson was added as a portfolio manager, joining comanagers Robert Bayston and David Horsfall 7/12
DRGIX Dreyfus US Treasury Intermediate Term No one, but … Nate Pearson, a current strategist with the firm, is a new comanager, with head manager Robert Bayston. 7/12
DRGBX Dreyfus US Treasury Long-Term No one, but … Nate Pearson, a current strategist with the firm, is a new comanager, with head manager Robert Bayston. 7/12
FPIVX FPA International Value Eric Bokota, in a surprise move, has stepped down as comanager and resigned from First Pacific Advisors. Comanager Pierre O. Py  remains as the sole manager but is looking for a senior analyst 7/12
FRBSX Franklin Balance Sheet Investment No one, but … Grace Hoefig joins the management team 7/12
FRVLX Franklin Small Cap Value Y. Dogan Sahin Steve B. Raineri joins a team that’s been in place since 1996 7/12
HFLAX Hartford Floating Rate Frank Ossino has left Wellington Management, the subadviser, and has stepped down as portfolio manager. Comanager, Michael Bacevich, remains. 7/12
HSFAX HSBC Frontier Markets No one, but … Chris Turner has joined Andrew Brudenell as a comanager 7/12
JNRAX John Hancock Natural Resources No one, but … RS Investment Management becomes a second subadvisor. 7/12
EPLPX MainStay Epoch U.S. Equity David Pearl will no longer be manager, as part of a larger shift in strategy, as well as a name change. Eric Sappenfield will join the management team of MainStay Epoch U.S. Equity Yield 7/12
MERGX Marsico Emerging Markets Joshua Rubin is among the latest group leaving. Munish Malhotra remains as the sole portfolio manager 7/12
MFCFX Marsico Flexible Capital Doug Rao is the latest of many departures. Jordan Laycob and Munish Malhotra will comanage. 7/12
MFOCX Marsico Focus Doug Rao is the latest of many departures. Tom Marsico and Coralie Witter remain. 7/12
MGRIX Marsico Growth Doug Rao is the latest of many departures. Tom Marsico and Coralie Witter remain. 7/12
MERDX Meridian Growth No one, but … Larry Cordisco, who left Meridian Value in 2011, returns to shore up the team of William Tao and Jamie England after Rick Aster’s death early this year. 7/12
MPXCX MFS Asia Pacific Ex Japan Robert W. Lau will be replaced by . . . . . . John J. Tsai and Sanjay Natarajan 7/12
OPTFX Oppenheimer Capital Appreciation No one, but … Michael Kotlarz  joined as comanager 7/12
OEQAX Oppenheimer Equity No one, but … Michael Kotlarz  joined as comanager 7/12
PIUIX PNC International Equity Brian Hopkinson and Paul Nestro Bin Xiao of Polaris Capital Management joined the team 7/12
PRACX Putnam Research Fund George Gianarikas Neil Desai, previously a partner at Crosslink Capital 7/12
TWAAX Thrivent Partner Worldwide Allocation No one, but … DuPont Capital Management will become the sixth subadvisor.  It’s a fine fund but really, six management teams for $600 million in assets? 7/12
USGNX USAA Government Securities Didi Weinblatt has retired Donna Baggerly will again be lead manager. 7/12
USAIX USAA Income Didi Weinblatt has retired Matt Freund and Julianne Bass will take over. 7/12
EKWAX Wells Fargo Advantage Precious Metals No one, but … Oleg Makhorine joins the team. 7/12

 

This entry was posted in Manager changes on by .

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.