Manager changes, June 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

ALGAX

Alger International Growth

Dan C. Chung, who returned to Alger as the firm’s savior in the wake of its devastation in the WTC attack

Pedro V. Marcal 

6/13

ADJEX

Azzad Ethical Fund 

Joseph Pappo is out

Christian J. Greiner replaces him on the team

6/13

MDCPX

BlackRock Balanced Capital

Chris Leavy is taking medical leave to focus on his health issues

Comanager Peter Stournaras will remain

6/13

MALRX

BlackRock Large Cap Core 

Chris Leavy is taking medical leave to focus on his health issues

Comanager Peter Stournaras will remain

6/13

MALVX

BlackRock Large Cap Value

Chris Leavy is taking medical leave to focus on his health issues

Comanager Peter Stournaras will remain

6/13

BGSAX

BlackRock Science & Technology

Jean M. Rosenbaum 

Tony Kim will join comanager Erin Xie

6/13

BMEAX

BlackRock U.S. Opportunities Portfolio

Jean M. Rosenbaum 

Nigel Hart and Ian Jamieson join Thomas Callan

6/13

BEMAX

Brandes Emerging Markets Fund

Al Chan

The rest of the team remains

6/13

BUFOX

Buffalo Emerging Opportunities

Grant Sarris has left

Craig Richard joins John Bichelmeyer

6/13

BUFMX

Buffalo Mid Cap

Grant Sarris has left

Kent Gasaway and Robert Male remain.

6/13

BUFSX

Buffalo Small Cap

Grant Sarris has left

Kent Gasaway and Robert Male remain.

6/13

NIVLX

Columbia International Value

Shingo Omura, Luiz G. Sauerbronn and Jeffrey Germaine

Colin Moore and Fred Copper of Columbia Management Investment Advisers

6/13

CMUAX

Columbia Mid Cap Value Fund

Lori Ensinger

Diane Sobin joins David Hoffman.

6/13

AAAAX

DWS Alternative Asset Allocation A

Ellen Tesler, Thomas Picciochi, and Robert Wang

Pankaj Bhatnagar and Darwei King

6/13

SELAX

DWS Select Alternative Allocation

Ellen Tesler, Thomas Picciochi, and Robert Wang

Pankaj Bhatnagar and Darwei King

6/13

FFRAX

Fidelity Advisor Floating Rate

Christine McConnell 

Eric Mollenhauer, who has been running the internal (Fidelity Series) floating high rate fund for a couple years

6/13

FSLBX

Fidelity Select Brokerage & Investment Management

Benjamin Hesse

Journeyman Fidelity manager, Christopher Lee, takes over

6/13

FIDSX

Fidelity Select Financial Services

Benjamin Hesse

Longtime Fidelity manager, Christopher Lee, takes over

6/13

FPACX

FPA Crescent Fund

No one, but . . .

Mark Landecker and Brian Selmo join Steven Romick

6/13

GIDAX

Goldman Sachs International Equity Dividend and Premium

Donald Mulvihill has retired

Gary Chropuvka joins remaining manager, Monali Vora.

6/13

GRPOX

Goldman Sachs Retirement Portfolio Completion

Donald Mulvihill has retired

Gary Chropuvka

6/13

GSSMX

Goldman Sachs Small Cap Value

John Kelly Flynn is out.

Robert Crystal, Sally Davis, and Sean Butkus

6/13

GATMX

Goldman Sachs Structured International Tax-Managed Equity

Donald Mulvihill has retired

Gary Chropuvka joins remaining managers, Monali Vora and Ron Hua.

6/13

GCTAX

Goldman Sachs Structured Tax-Managed Equity

Donald Mulvihill has retired

Gary Chropuvka joins remaining managers, Monali Vora and Ron Hua.

6/13

GSPAX

Goldman Sachs U.S. Equity Dividend and Premium Fund

Donald Mulvihill has retired

Gary Chropuvka joins remaining manager, Monali Vora.

6/13

GGEYX

GuideStone Funds Growth Equity

No one, but . . .

Kenneth Stuzin has joined the team

6/13

GSCYX

GuideStone Funds Small Cap Equity

No one, but . . .

Lance James joins the team

6/13

INGBX

ING Global Bond

Robert Robis

Michael Mata, Christine Hurtsellers, and new manager Brian Timberlake will manage the strategy

6/13

IIBAX

ING Intermediate Bond

Michael Mata

Christine Hurtsellers and Matthew Toms

6/13

IASBX

ING Short Term Bond

Michael Mata

Christine Hurtsellers and Matthew Toms

6/13

ACEIX

Invesco Equity and Income

Mark Laskin

Thomas Bastian, James Roeder, Sergio Marcheli, and Mary Jayne Maly will continue on

6/13

ACGIX

Invesco Growth and Income

Mark Laskin

Thomas Bastian, James Roeder, Sergio Marcheli, Mary Jayne Maly and Charles Burge will continue on

6/13

EXGAX

JPMorgan Ex-G4 Currency Strategies

Jon Jonsson

comanager Iain Stealey will remain

6/13

JCIAX

JPMorgan International Currency Income

Jon Jonsson

comanager Iain Stealey will remain

6/13

KMCVX

Keeley Mid Cap Value Fund

No one, but . . .

Kevin Chin joins the Keeley’s as a comanager

6/13

LAFFX

Lord Abbett Affiliated

Dan Frascarelli leaves the fund but not the firm

Walter Prahl and Rick Ruvkun

6/13

LRLCX

Lord Abbett Classic Stock

Dan Frascarelli and Randy Reynolds

Walter Prahl and Rick Ruvkun

6/13

LMVYX

Lord Abbett Micro Cap Value

Gerard Heffernan, Jr has been fired

Robert P. Fetch returns, temporarily

6/13

LRSCX

Lord Abbett Small Cap Value

Gerard Heffernan, Jr has been fired

Robert P. Fetch returns, temporarily

6/13

LSOFX

LS Opportunity Fund

No one, but . . .

Chris Hillary joins Jim Hillary as a co-portfolio manager

6/13

OALGX

Optimum Large Cap Growth

Subadvisor Marsico Capital Management

The other subadvisors remain.

6/13

PURAX

Prudential Global Real Estate

No one, but . . .

Michael Gallagher joined the team of Marc Halle, Rick Romano, and Gek Lang Lee

6/13

PJEAX

Prudential U.S. Real Estate 

No one, but . . .

Michael Gallagher joined the team of Marc Halle, Rick Romano, and Gek Lang Lee

6/13

RGESX

Russell Global Equity

Matthew Beardsley leaves the fund but not the firm

Philip Hoffman

6/13

RINTX

Russell International Developed Markets

Matthew Beardsley leaves the fund but not the firm

Philip Hoffman

6/13

SANAX

Sandalwood Opportunity

Mihir Meswani

A dozen other managers remain on the little fund.

6/13

SCARX

SCA Absolute Return Fund

Mark Myers and subadvisor Inflection Partners are out.

Subadvisor V2 Capital, is in. “V2” is less “Nazi super weapon” and more “Victor Viner,” the firm’s founder.

6/13

SCADX

SCA Directional Fund

Mark Myers and subadvisor Inflection Partners are out.

Subadvisor V2 Capital, is in.

6/13

SWANX

Schwab Core Equity

Paul Davis is going out on his own.

Wei Li has been promoted to comanager alongside Jonas Svallin

6/13

SWDSX

Schwab Dividend Equity

Paul Alan Davis

Wei Li joins Jonas Svallin

6/13

SWFFX

Schwab Financial Services

Paul Alan Davis

Wei Li joins Jonas Svallin

6/13

SWASX

Schwab Global Real Estate

Paul Alan Davis

Jonas Svallin continues on.

6/13

SWHEX

Schwab Hedged Equity

Paul Alan Davis

Wei Li joins Jonas Svallin

6/13

SICNX

Schwab International Core Equity

Paul Alan Davis

Wei Li joins Jonas Svallin

6/13

SWLSX

Schwab Large-Cap Growth

Paul Alan Davis

Wei Li joins Jonas Svallin

6/13

SWSCX

Schwab Small-Cap Equity

Paul Alan Davis

Wei Li joins Jonas Svallin

6/13

SSAIX

SSgA International Stock Selection Fund

Didier Rosenfeld 

Adel Daghmouri joins Stuart Hall

6/13

SPSAX

Sterling Capital Small Cap Value

Eduardo A. Brea

Robert Bridges and Robert Weller

6/13

TGIFX

TacticalShares Dynamic Allocation Fund

John Hastings

The rest of the team remains

6/13

TGGIX

TCW Growth

Anthony Valencia leaves the team

Jason S. Maxwell joins the team

6/13

VPDAX

Vantagepoint Diversifying Strategies Fund

No one, but . . .

Pars has been added as a portfolio manager to the Calamos managed portion of the fund

6/13

GVIEX

Wilmington Multi-Manager International

Acadian Asset Management is no longer a subadvisor

The multi other subadvisors remain.

6/13

WRAAX

Wilmington Rock Maple Alternatives

Water Island Capital is no longer a subadvisorand Nicolas Edney is no longer a portfolio manager.

The rest of the team remains

6/13

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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.