Manager changes, July 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

BJGQX

Aberdeen Global Select Opportunities Fund

The former Artio team

Stephen Docherty, Bruce Stout, Jamie Cumming, and Samantha Fitzpatrick

7/13

BJBIX

Aberdeen Select International Equity

The former Artio team

Stephen Docherty, Bruce Stout, Jamie Cumming, and Samantha Fitzpatrick

7/13

JETAX

Aberdeen Select International Equity II

The former Artio team

Stephen Docherty, Bruce Stout, Jamie Cumming, and Samantha Fitzpatrick

7/13

MDLHX

BlackRock Large Cap Growth

Christopher Leavy

Peter Stournaras remains as the sole manager

7/13

BBSOX

BlackRock Short Obligations

No one, but . . .

Eric Hiatt joins Richard Mejzak

7/13

BBUSX

BlackRock Ultra-Short Obligations

No one, but . . .

Richard Mejzak joins Eric Hiatt

7/13

INDZX

Columbia Diversified Equity Income

Steve Schroll, Paul Stocking, and Dean Ramos are leaving the fund, not the company.

Hugh Mullin

7/13

CAGLX

Cornerstone Advisors Global Public Equity

TCW Investment Management Company

Numeric Investors with Jayendran Rajamony and Joe Schirripa

7/13

AAAPX

DWS Alternative Asset Allocation

No one, but . . .

Benjamin Pace joins the team

7/13

DDMAX

DWS Diversified Market Neutral

Russell Shtern

Graham Kitchen, Timothy Heffernan, Owen Fitzpatrick, Pankaj Bhatnagar, and Chris Umscheid

7/13

MGINX

DWS Global Equity Fund

Russell Shtern

Sebastian Werner, Nils E. Ernst, and Martin Berberich

7/13

SPBAX

DWS LifeCompass 2015

Ellen Tesler 

Darwei Kung, Louis Cucciniello, and Pankaj Bhatnagar

7/13

SPGRX

DWS LifeCompass 2020

Ellen Tesler 

Darwei Kung, Louis Cucciniello, and Pankaj Bhatnagar

7/13

PLUSX

DWS LifeCompass 2030

Ellen Tesler 

Darwei Kung, Louis Cucciniello, and Pankaj Bhatnagar

7/13

TGTAX

DWS LifeCompass 2040

Ellen Tesler 

Darwei Kung, Louis Cucciniello, and Pankaj Bhatnagar

7/13

SCPCX

DWS LifeCompass Retirement

Ellen Tesler 

Darwei Kung, Louis Cucciniello, and Pankaj Bhatnagar

7/13

SELAX

DWS Select Alternative Allocation

No one, but . . .

Benjamin Pace joins the team

7/13

HRCPX

Eagle Capital Appreciation

Timothy Leahy and Stephen Becker were excused from this long-term laggard

Edward Wagner, David Pavan, Stacey Nutt, and Frank Feng

7/13

EABSX

Eaton Vance Tax Advantaged Bond Strategy Short-Term

Brian Clouser

Devin Cooch joins James Evans and Brian Barney

7/13

EAEAX

Eaton Vance Tax-Managed Equity Asset Allocation 

Duncan Richardson is retiring on Oct. 31, 2014

New manager to be announced.

7/13

CAPEX

Eaton Vance Tax-Managed Growth

Duncan Richardson is retiring on Oct. 31, 2013

The rest of the team, Lewis Piantedosi, Michael Allison, and Yana Barton will continue on.

7/13

FABLX

Fidelity Advisor Balanced 

John Avery and Nathan Strik

Jonathan Kasen and Monty Kori join the rest of the team.

7/13

FSAVX

Fidelity Select Automotive 

Michael Weaver

Annie Rosen

7/13

FSPCX

Fidelity Select Insurance 

No one, but . . .

Peter Deutsch joins Court Dignan as a comanager

7/13

FSNGX

Fidelity Select Natural Gas

Ryan Oldham

Ted Davis remains as the sole manager.

7/13

FPHAX

Fidelity Select Pharmaceuticals

Andrew Oh, who left to found Viabay Capital.

Asher Anolic remains as the sole manager.

7/13

FSAEX

Fidelity Series All-Sector Equity 

Monty Kori and Nathan Strik

Jonathan Kasen joins the rest of the team.

7/13

FBMAX

Fidelity Series Broad Market Opportunities 

Benjamin Hesse

Longtime Fidelity manager, Christopher T. Lee joins the cast of thousands

7/13

GSMAX

Goldman Sachs Small/Mid Cap Growth

No one, but . . .

Craig Glassner joined Steven Barry and Jeffrey Rabinowitz as a comanager

7/13

HAIGX

Harbor International Growth

Marsico is out (there’s a familiar refrain), along with Munish Malhotra and James Gendelman

Baillie Gifford Overseas is in, along with Gerard Callahan, Iain Campbell, and Joseph Faraday

7/13

HDVAX

Hartford Diversified International

Cheryl Duckworth and Theodore Jayne

Gregg Thomas and Tara Connolly Stilwell

7/13

IUAAX

ING Invesco Equity and Income Portfolio

Mark Laskin

The rest of the team remains

7/13

IEDAX

ING Large Cap Value

No one, but . . .

Vincent Costa joins Robert Kloss and Christopher Corapi

7/13

IGFAX

ING Morgan Stanley Global Franchise Portfolio

John S. Goodacre

The rest of the team remains

7/13

INGIX

ING U.S. Stock Index Portfolio 

Vincent Costa leaves for ING Large Cap Value

Kai Yee Wong joins Steve Wetter as comanager

7/13

AACFX

Invesco China

May Lo has left Invesco

Joseph Tang remains

7/13

SMMIX

Invesco Summit

Ryan Amerman 

Ido Cohen

7/13

IVDAX

Ivy Dividend Opportunities

David Ginther

Cynthia Prince-Fox 

7/13

IGNAX

Ivy Global Natural Resources

Frederick Sturm 

David P. Ginther

7/13

JIPAX

JHancock Strategic Income Opportunities

John Iles retired

Daniel Janis III and Thomas Goggins will remain

7/13

JIERX

JPMorgan International Equity

No one, but . . .

Shane Duffy joined James Fisher and Thomas Murray

7/13

MAPOX

Mairs & Power Balanced

No one, yet. But, in anticipation of his retirement next December, Bill Frels is stepping back to the comanager role.

No one, long-time #2 guy Ron Kaliebe is stepping up to the lead manager role.

7/13

MPGFX

Mairs & Power Growth

No one, yet. But, in anticipation of his retirement next December, Bill Frels is stepping back to a comanager role.

No one, long-time #2 guy Mark Henneman is stepping up to the lead manager role.

7/13

MAPIX

Matthews Asia Dividend Investor

Jesper Madsen is leaving the world of finance on Oct. 31, 2013.

Comanager Yu Zhang has moved up and is joined by CIO Robert Horrocks

7/13

MCDFX

Matthews China Dividend

Jesper Madsen is leaving the world of finance on Oct. 31, 2013.

The rest of the team remains

7/13

MZCSX

Muzinich Credit Opportunities Fund

Clinton Comeaux and Bryan Petermann

Michael McEachern is the sole manager

7/13

NGLAX

Neuberger Berman Global Allocation

Bobby T. Pornrojnangkool

The rest of the team remains

7/13

MBAPX

Praxis Genesis Balanced

No one, but . . .

Benjamin Bailey and Delmar King will join Chad Horning

7/13

MCONX

Praxis Genesis Conservative

No one, but . . .

Benjamin Bailey and Delmar King will join Chad Horning

7/13

MGAFX

Praxis Genesis Growth

No one, but . . .

Benjamin Bailey and Delmar King will join Chad Horning

7/13

MGNDX

Praxis Growth Index

No one, but . . .

Dale Snyder will join Chad Horning

7/13

MVIAX

Praxis Value Index

No one, but . . .

Dale Snyder will join Chad Horning

7/13

RNHIX

RiverNorth/Oaktree High Income Fund

No one, but . . .

Shannon Ward joins as an Oaktree comanager

7/13

RLDAX

RS Low Duration Bond 

No one, but . . .

Leslie Barbi and John Gargana joined Howard Chin and Robert J. Crimmins Jr.

7/13

TEMFX

Templeton Foreign

Matthew Nagle leaves in name only.

The rest of the team remains

7/13

TEPLX

Templeton Growth

Matthew Nagle leaves in name only.

The rest of the team remains

7/13

TEMWX

Templeton World

Matthew Nagle leaves in name only.

The rest of the team remains

7/13

DIMGX

Transamerica Partners Institutional Mid Growth

Michael Iacono, Clifford G. Fox, and Katerina Wasserman

Howard B. Aschwald

7/13

DISEX

Transamerica Partners Institutional Small Core

Charles Ko, Michael Abata, and Andrew Waisburd

Eoin E. Middaugh and D.Kevin McCreesh

7/13

DVMGX

Transamerica Partners Mid Growth

Michael Iacono, Clifford G. Fox, and Katerina Wasserman

Howard B. Aschwald

7/13

DVPEX

Transamerica Partners Small Core

The entire existing team

Eoin E. Middaugh and D.Kevin McCreesh

7/13

VTMFX

Vanguard Tax-Managed Balanced

Michael Kobs

James D’Arcy

7/13

PDIAX

Virtus Growth and Income

Carlton Neel and David Dickerson

Robert Wang and Russell Shtern

7/13

WDVAX

Waddell & Reed Dividend Oppurtunities

David Ginther

Cynthia Prince-Fox 

7/13

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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.