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 |
| ACCSX | Access Capital Community Investment | John Huber | Comanagers, Brian Svendahl and Todd Brux, will continue on | 8/12 |
| CABNX | AllianceBernstein Balanced Shares | The entire team | The quantitative investment strategies team, Michael DePalma, Ashwin Alankar, and Leon Zhu. | 8/12 |
| BEDIX | BlackRock Emerging Market Debt | Daniel Shaykevich, Schott Thiel, and Imran Hussain are out. | Sergio Trigo Paz, Raphael Marechal, and Laurent Develay are in, as is the new name, BlackRock Emerging Market Local Debt | 8/12 |
| BABDX | BlackRock Global Dividend Income | No one, but . . . | Andrew Wheatley-Hubbard becomes the third comanager. | 8/12 |
| CGVAX | Calvert Government | No one, but . . . | Vishal Khanduja has been added as a comanager | 8/12 |
| CULAX | Calvert Ultra-Short Income | No one, but . . . | Vishal Khanduja has been added as a comanager | 8/12 |
| UMMGX | Columbia Bond | Alexander Powers, manager since 1997, is retiring. | Comanagers, Carl Pappo and Michael Zazzarino remain | 8/12 |
| RRGAX | DWS RREEF Global Real Estate Securities | William Leung | Chris Robinson joins the team of six | 8/12 |
| HMCAX | Eagle Mid Cap Stock | No one, but . . . | Chuck Schwartz, Betsy Pecor and Matt McGeary have joined Eagle Asset Management and will be comanagers of the fund. | 8/12 |
| FSHCX | Fidelity Select Medical Delivery | Andrew Hatem | Steven Bullock becomes the 7th person to manage the fund since 2000 | 8/12 |
| MDEGX | BlackRock Global Dynamic Equity | The existing team, including lead manager Dennis Stattman, are leaving this fund, but not the firm. | Everything changes: name (Long-Horizon Equity), mandate and managers. The new fund will be run by a global equity team headed by Richard Turnill | 8/12 |
| GSAGX | Goldman Sachs Asia Equity | No one, but . . . | Edward Perkin, a long-time Goldman employee, joined the management team and at four other sad-sack Goldman funds. Why? | 8/12 |
| GZIAX | Goldman Sachs Brazil Equity | Gabriella Antici leaves this high turnover, high expense underperformer | The rest of the team continues on. | 8/12 |
| GBRAX | Goldman Sachs BRIC | No one, but . . . | Edward Perkin joined the management team | 8/12 |
| GSIFX | Goldman Sachs Concentrated International Equity | Hiroyuki Ito | Edward Perkin and Alexis Deladerriere continue on | 8/12 |
| GEMAX | Goldman Sachs Emerging Markets Equity | No one, but . . . | Edward Perkin joined the management team | 8/12 |
| GISAX | Goldman Sachs International Small Cap | Hiroyuki Ito | Guarav Rege joins comanager Aidan Farrell | 8/12 |
| GSYAX | Goldman Sachs N-11 Equity | No one, but . . . | Maria Drew joined as comanager, forming the team of Loo and Drew. | 8/12 |
| GSAKX | Goldman Sachs Strategic International Equity | Hiroyuki Ito | Edward Perkin and Alexis Deladerriere continue on | 8/12 |
| GAGEX | Guinness Atkinson Global Energy | Tom Nelson | Tim Guinness, Ian Mortimer, and Will Riley remain | 8/12 |
| IFCAX | ING Greater China | William Pang has left | The rest of the team continues on. | 8/12 |
| GGHCX | Invesco Global Health Care | Dean Dillard | The rest of the team continues on. | 8/12 |
| AMHYX | Invesco High Yield | Peter Ehret has left the firm | Darren Hughes and Scott Roberts will comanage | 8/12 |
| JMFTX | Janus Emerging Markets | No one, but . . . | Hiroshi Yoh joins the team. | 8/12 |
| JORNX | Janus Global Select | John Eisinger | George Maris, who also manages Janus Worldwide (JAWWX) | 8/12 |
| JHAQX | John Hancock High Income | No one, but . . . | John Addeo joins the team | 8/12 |
| TSHYX | John Hancock High Yield | No one, but . . . | John Addeo joins the team | 8/12 |
| JNRAX | John Hancock Natural Resources | No one, but . . . | RS Investments joins as a new subadvisor, with MacKenzie Davis, Andrew Pilara, Jr., and Kenneth Settles, Jr. running their sleeve of the fund. | 8/12 |
| JICAX | JPMorgan Intrepid Multi Cap | No one, but . . . | Garrett Fish joined existing comanagers, Dennis Ruhl and Jason Alonzo. | 8/12 |
| OLVAX | JPMorgan Large Cap Value | Alan Gutmann is taking a leave of absence | Comanager Aryeh Glatter will take over as lead manager | 8/12 |
| JTVAX | JPMorgan U.S. Large Cap Value Plus | Alan Gutmann is taking a leave of absence | Comanager Aryeh Glatter will take over as lead manager | 8/12 |
| JUEAX | JPMorgan US Equity | Alan Gutmann is taking a leave of absence | Comanager Aryeh Glatter will take over as lead manager | 8/12 |
| JVOAX | JPMorgan Value Opportunities | Alan Gutmann is taking a leave of absence | Comanager Aryeh Glatter will take over as lead manager | 8/12 |
| LZISX | Lazard International Small Cap Equity | Brian Pessin | Alex Ingham joins John Reinsberg and Edward Rosenfeld | 8/12 |
| LMGTX | Legg Mason Capital Management Global Growth | Robert Hagstrom is stepping down | Comanager Gibboney Huske will take on the lead role | 8/12 |
| LFRAX | Lord Abbett Floating Rate | Joel Serebransky left | Jeff Lapin will join comanager, Chris Towle | 8/12 |
| LGLAX | Lord Abbett Growth Leaders | David Linsen leaves the management slot to become research director. | Paul Volovich, Tom O’Halloran, Anthony Hipple and Arthur Weise | 8/12 |
| LMGAX | Lord Abbett Growth Opportunities | David Linsen leaves the management slot to become research director. | Paul Volovich becomes lead manager. | 8/12 |
| LALCX | Lord Abbett Stock Appreciation | David Linsen leaves the management slot to become research director, Paul Volovich heads of to manage LMGAX | Tom O’Halloran is the new leader. | 8/12 |
| MSFAX | Morgan Stanley Global Franchise | Walter Riddell will retire at the end of the year. | 8/12 | |
| MEQIX | Morgan Stanley Institutional Asian Equity | No one, but . . . | May Yu joins as fourth comanager. | 8/12 |
| MSIQX | Morgan Stanley Institutional International Equity | Walter Riddell will retire at the end of the year. | 8/12 | |
| MSISX | Morgan Stanley Institutional International Small Cap | Margaret Naylor, Arthur Pollock, Alistair Corden-Lloyd, and Alexander Vislykh | Burak Alici will be the sole manager. | 8/12 |
| AMFAX | Natixis ASG Managed Futures Strategy | No one, but . . . | Robert Sinnott joins the team | 8/12 |
| NNGAX | Nuveen Multi-Manager Large-Cap Value | No one, but . . . | Thomas Cole joins the team on behalf of Institutional Capital. Joel Drescher joins for Symphony Asset Management. | 8/12 |
| PEYAX | Putnam Equity Income | Bartlett Geer leaves to join BlackRock | Darren Jaroch, current manager of Putnam International Value (PNGAX), is the new manager here, joined by Walter Scully as a comanager. | 8/12 |
| PNGAX | Putnam International Value | No one, but . . . | Karan Sodhi joins Darren Jaroch as an assistant manager. | 8/12 |
| SWDSX | Schwab Dividend Equity | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SWFFX | Schwab Financial Services | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SWHFX | Schwab Health Care | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SWHEX | Schwab Hedged Equity | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SICNX | Schwab International Core Equity | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SWLSX | Schwab Large-Cap Growth | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SWSCX | Schwab Small Cap Equity | No one, but . . . | Jonas Svallin joined the team. | 8/12 |
| SELAX | Select Alternative Allocation | No one, but . . . | Ellen Tesler joins the other three managers. | 8/12 |
| SNTNX | Sentinel Mid Cap | Chuck Schwatz, Betsy Pecor, Matt Spitznagle, and Matt McGeary have left for positions with Eagle Asset Management | Christian Thwaites, Dan Manion, Hilary Roper, and Carole Hersam will take over. | 8/12 |
| SYVAX | Sentinel Mid Cap II | Chuck Schwatz, Betsy Pecor, Matt Spitznagle, and Matt McGeary have left for positions with Eagle Asset Management | Christian Thwaites, Dan Manion, Hilary Roper, and Carole Hersam will take over. | 8/12 |
| SAGWX | Sentinel Small Company | Chuck Schwatz, Betsy Pecor, Matt Spitznagle, and Matt McGeary have left for positions with Eagle Asset Management | Christian Thwaites, Dan Manion, Hilary Roper, and Carole Hersam will take over. | 8/12 |
| MYPVX | Sentinel Sustainable Mid Cap Opportunities | Chuck Schwatz, Betsy Pecor, Matt Spitznagle, and Matt McGeary have left for positions with Eagle Asset Management | Christian Thwaites, Dan Manion, Hilary Roper, and Carole Hersam will take over. | 8/12 |
| FBAAX | SunAmerica Focused Balanced Strategy | No one, but . . . | Kara Murphy was added as a comanager | 8/12 |
| FASAX | SunAmerica Focused Multi-Asset Strategy | No one, but . . . | Kara Murphy was added as a comanager. Given the fund’s high expenses, high sales load and high risk scores, I’m not sure it will matter. | 8/12 |
| PRSVX | T. Rowe Price Small-Cap Value | Preston Athey is beginning to phase out. He’ll step down in mid 2014 after a 36 year career with T Rowe. | David Wagner will step up from associate portfolio manager. | 8/12 |
| HPCCX | USX China | Ryan Jenkins resigned | Christopher Anci remains | 8/12 |
| VEVFX | Vanguard Explorer Value | Brian Walton leaves the team | Timothy Beyer joins the team. | 8/12 |
| VHGEX | Vanguard Global Equity | AllianceBernstein has been removed as a subadvisor. | Baillie Gifford will run more of the fund | 8/12 |
| VTRIX | Vanguard International Value | AllianceBernstein has been removed as a subadvisor. | A team from ARGA Investment Management, LP. | 8/12 |
| VWNDX | Vanguard Windsor | AllianceBernstein has been removed as a subadvisor. | A team from Pzena Investment Management joins James Mordy, a Wellington manager whose been with the fund for four years. If their corporate mascot was a buccaneer, they’d be the Pirates of Pzena. | 8/12 |
| PSFRX | Virtus Senior Floating Rate | No one, but . . . | Frank Ossino has joined Newfleet Asset Management, the subadvisor, and David Albrycht and Kyle Jennings, the comanagers. | 8/12 |
