Manager Changes, February 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

AFOAX

AllianzGI Focused Opportunity Fund

Eric Sartorius

Michael Corelli remains

2/13

POPAX

AllianzGI Opportunity Fund

Eric Sartorius

Michael Corelli remains

2/13

TWADX

American Century Value

No one, but . . .

Chad Baumler becomes a comanager.

2/13

BACAX

BlackRock All-Cap Energy & Resources

Dennis Walsh and Dan Neumann

Robin Batchelor and Poppy Allonby

2/13

BMGAX

BlackRock Mid-Cap Growth Equity 

Eileen Leary and Andrew Leger

Lawrence Kemp and comanagers Kathryn Mongelli and Phil Ruvinsky

2/13

CSGEX

BlackRock Small Cap Growth Equity Portfolio

Andrew Thut and Andrew Leger

Travis Cooke and the Scientific Equity Team

2/13

CMSAX

Columbia Absolute Return Multi-Strategy

No one, but . . .

Jeffrey Knight joins the team

2/13

CEMAX

Columbia Absolute Return Multi-Strategy Enhanced 

No one, but . . .

Jeffrey Knight joins the team

2/13

IMRFX

Columbia Global Opportunities

Colin Moore, CIO, is no longer a named manager

Jeffrey Knight joins the team

2/13

CRAAX

Columbia Risk Allocation 

No one, but . . .

Jeffrey Knight joins the team

2/13

FDCPX

Fidelity Select Computers

Matthew Schuldt 

Christopher Lin is taking over

2/13

FSELX

Fidelity Select Electronics

Christopher Lin stepped down

Stephen Barwikowski remains

2/13

GATEX

Gateway Fund

J. Patrick Rogers leaves after 19 years, while his predecessor left after 20

Kenneth H. Toft, who has been co-managing for seven

2/13

GLMPX

GL Macro Performance Fund

Michael V. Tassone, resigned 

Dan Thibeault remains

2/13

HCAIX

Harbor Capital Appreciation

No one, but . . .

Kathleen McCarragher becomes a comanager

2/13

IENAX

Invesco Energy

Andrew Lees and Tyler Dann

Norman MacDonald will take over

2/13

IGDAX

Invesco Gold & Precious Metals 

Andrew Lees and Tyler Dann

Norman MacDonald will take over

2/13

VSEAX

JPMorgan Small Cap Equity

Glenn Gawronski, is taking a leave of absence of unknown duration

Don San Jose becomes lead manager in his absence, with Chris Jones as a new comanager.

2/13

LGBBX

Loomis Sayles Investment Grade Bond

No one, but . . .

Brian Kennedy joins the team

2/13

LSIGX

Loomis Sayles Investment Grade Fixed Income

No one, but . . .

Brian Kennedy joins the team

2/13

LSBAX

Lord Abbett Small-Cap Blend

Michael Smith

Bob Fetch will take over

2/13

MSFAX

Morgan Stanley Institutional Global Franchise

No one, but . . .

Marcus Watson joined the team.  It’s been a great fund for folks with $5 million to kick in.

2/13

MSIQX

Morgan Stanley Institutional International Equity

No one, but . . .

Marcus Watson joined the team.

2/13

OPSIX

Oppenheimer Global Strategic Income

Joseph Welsh

Jack Brown

2/13

OIBAX

Oppenheimer International Bond

No one, but . . .

Hemant Baijal joins Sara Zervos and Art Steinmetz

2/13

OSVAX

Oppenheimer Select Value

Mitch Williams and John Damian

Laton Spahr

2/13

QVSCX

Oppenheimer Small & Mid Cap Value

John Damian

Laton Spahr

2/13

CGRWX

Oppenheimer Value

Mitch Williams

Laton Spahr

2/13

PAGNX

PIMCO GNMA

Scott Simon, the lead manager, is retiring

Daniel Hyman will remain with Michael Cudzil joining him as a comanager.

2/13

PMRAX

PIMCO Mortgage-Backed Securities

Scott Simon, the lead manager, is retiring

Daniel Hyman will remain with Michael Cudzil joining him as a comanager.

2/13

PBAAX

PNC Balanced Allocation

Michael Santelli, Alex Vallecillo, and Edward Johnson

Mark Batty joins the rest of the team

2/13

PJMDX

Putnam Absolute Return 500 Fund

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PDMAX

Putnam Absolute Return 700 Fund

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PABAX

Putnam Dynamic Asset Allocation Balanced Fund

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PACAX

Putnam Dynamic Asset Allocation Conservative Fund

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PAEAX

Putnam Dynamic Asset Allocation Growth Fund

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PDREX

Putnam Dynamic Risk Allocation Fund

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PRMAX

Putnam Retirement Income Fund Lifestyle 1

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PRYAX

Putnam Retirement Income Fund Lifestyle 2

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PISFX

Putnam Retirement Income Fund Lifestyle 3

Jeffrey Knight leaves

The rest of the team, James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, continues on.

2/13

PRHSX

T. Rowe Price Health Sciences

Kris Jenner is leaving, with rumor and speculation in his wake.

Taymour Tamaddon is in

2/13

 

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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.