Manager Changes, January 2013

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

TWNAX

American Century New Opportunities

Stafford Southwick is no longer a comanager

New manager, Jeffrey Otto, joins existing comanager, Matthew Ferretti

1/13

ANOAX

American Century Small Cap Growth

Stafford Southwick is no longer a comanager

New manager, Jeffrey Otto, joins existing comanager, Matthew Ferretti

1/13

ARTHX

Artisan Global Equity

Barry Dargan, the lead manager, left after a long year-end conversation.

Andrew Euretig and Charles-Henri Hamker will join comanager Mark Yockey

1/13

SGQAX

DWS Global Thematic, renamed as DWS Global Growth

Manager Oliver Kratz and his firm, Global Thematic Partners

An in-house team led by Joseph Axtell

1/13

SLANX

DWS Latin America Equity

Rainer Vermehren and Robert Kalin

Luiz Ribeiro, Thomas U. Petschnigg, and Danilo Pereira

1/13

FBMPX

Fidelity Select Multimedia

Kristina Salen

Nidhi Gupta

1/13

FSTCX

Fidelity Select Telecommunications

Kristina Salen

Matthew Drukker

1/13

FKINX

Franklin Income

No one, but . . .

Matt Quinlan and Alex Peters joined as comanagers

1/13

GQETX

GMO Quality III

William “Chuck” Joyce stepped down as the lead manager at age 42.

Comanagers Tom Hancock and David Cowan will remain, with support from other elements of GMO’s Quality team

1/13

JCUAX

JHancock2 Currency Strategies

Ken Ferguson retired

Dori Levanoni and Jeppe Ladekarl remain

1/13

LZHYX

Lazard U.S. High Yield 

J. William Charlton

David R. Cleary

1/13

MSILX

Litman Gregory Masters International

No one, but . . .

Wellington Management Company and Lazard Asset Management have been added as subadvisors, bringing the total number of subadvisors to seven.

1/13

OAKLX

Oakmark Select

No one, but . . .

Win Murray and Tony Coniaris will join Bill Nygren, who’s been managing the fund alone since comanager Henry Berghoef stepped down in July

1/13

UMBSX

Scout Stock 

Larry Valencia ducked out as folks began turning off the lights.

James Reed will continue on until the fund liquidates in March 2013

1/13

SSSAX

SunAmerica Focused Small-Cap Value

Daniel Lew

Timothy Pettee and Jay Merchant

1/13

TSIAX

Thornburg Strategic Income

George Strickland will be retiring

Jason Brady, comanager since fund inception, will remain.

1/13

MXAIX

Touchstone Micro Cap Value Fund

Subadvisor, Fifth Third Asset Management, along with managers Michael Barr, Craig Nedbalski, and Eric Holmes

Russell Implementation Services will serve as interim subadvisor with Wayne Hollister and Benjamin Linford as comanagers.

1/13

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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.