Manager changes, February 2014

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

ALHAX

AllianceBernstein Limited Duration High Income Fund

Amy Strugazow leaves the team

Ivan Rudolph-Shabinsky joins Michael Sohr, Ashish Shah, and Gershon Distenfeld.

2/14

IIESX

American Independence International Alpha Strategies Fund

Subadvisor Guggenheim Investments has been terminated by the Board, along with portfolio managers Nardin Baker and Ole Jakob Wold

Navellier & Associates will be the new subadvisor, after a rubber stamp by shareholders. James O’Leary and Michael Borgen will manage the fund.

2/14

CLTAX

Catalyst/Lyons Tactical Allocation

Louis Stevens

Michael Schoonover

2/14

ELDFX

Elfun Diversified Fund

Greg Hartch is out

Jeffrey Palma and David Wiederecht remain

2/14

FAHMX

Frost Small Cap Equity Fund

Cambiar Investors is terminated as a subadvisor to the fund, with its entire management team.

The new team consists of Craig Leighton, Tom Stringfellow, and Brad Thompson, of Frost Investment Advisors.

2/14

GSAGX

Goldman Sachs Asia Equity Fund

Edwin Perkins is gone

Alina Chiew and Kevin Ohn remain.

2/14

GBRAX

Goldman Sachs BRIC Fund

Edwin Perkins is gone

Alina Chiew and Kevin Ohn remain.

2/14

GSIFX

Goldman Sachs Concentrated International Equity Fund

Edwin Perkins is gone

Alexis Deladerriere remains

2/14

GEMEX

Goldman Sachs Emerging Markets Equity Fund

Edwin Perkins is gone

Alina Chiew remains.

2/14

GSAKX

Goldman Sachs Strategic International Equity Fund

Edwin Perkins is gone

Suneil Mahindru joins Alexis Deladerriere, who remains on the fund.

2/14

GGEFX

Golub Group Equity Fund

Michael Golub will no longer serve on the fund

The other managers, Colin Higgins, Kurt Hoefer, and John Dowling, remain.

2/14

ITGIX

ING T. Rowe Price Growth Equity Portfolio I

Rob Bartolo, manager of the underlying Price fund, resigned and relocated.

Joe Fath will take his place.

2/14

JMFAX

Janus Emerging Markets Fund

Matt Hochstetler

Hiroshi Yoh and Wahid Pierre Chammas remain.

2/14

HSKAX

JPMorgan Market Neutral (which some might label JPMorgan Zero Return)

No one, but . . .

Steven Lee and Raffaele Zingone join Terance Chen, who’s been on board just since December, 2013.

2/14

JMNAX

JPMorgan Research Market Neutral

No one, but . . .

Steven Lee and Raffaele Zingone join Terance Chen, who will be resigning in the fourth quarter of 2014.

2/14

MGFIX

Managers Bond Fund

No one, but . . .

Matthew Eagan and Elaine Stokes join Daniel Fuss

2/14

DVRAX

MFS Global Alternative Strategy

Effective April 30, 2014, Joseph Flaherty will no longer be an advisor to the fund, and …

Benjamin Nastou will join the rest of the team of Natalie Shapiro, Curt Custard, Jonathan Davies, Andreas Koester, and Lowell Yura.

2/14

MFEGX

MFS Growth Fund

No one, but . . .

Matthew Sabel joins Eric Fischman as a comanager.

2/14

OCTAX

MFS Mid Cap Growth

No one, but . . .

Matthew Sabel joins Eric Fischman and Paul Gordon

2/14

MMUFX

MFS Utilities Fund

Robert Persons

Maura Shaughnessy remains and is joined by Claud Davis

2/14

NRFAX

Natixis AEW Real Estate Fund

Jeffrey Caira left on Jan 1.

John Garofalo joins Matthew Troxell, J. Hall Jones, and Roman Ranocha

2/14

IIDPX

Natixis Diversified Income Fund

Jeffrey Caira left on Jan 1.

Maura Murphy, Kevin Kearns, and Elaine Kan join the extensive team.

2/14

OPOCX

Oppenheimer Discovery Fund

No one, but . . .

Ash Shah joins Ronald Zibelli Jr.

2/14

MSIGX

Oppenheimer Main Street Fund

No one, but . . .

Paul Larson joins Manind Govil and Benjamin Ram

2/14

PTSIX

PIMCO International Fundamental IndexPLUS AR Strategy

Marc Seidner

Scott Mather

2/14

PIPAX

PIMCO International StocksPLUS AR Strategy

Marc Seidner who was ousted as part of the post El-Erian purge is joining GMO as a  head of fixed-income

Scott Mather

2/14

PCFIX

PIMCO Small Company Fundamental IndexPLUS AR Strategy

Marc Seidner

Scott Mather

2/14

PWWAX

PIMCO Worldwide Fundamental Advantage AR Strategy

Marc Seidner

Scott Mather

2/14

RSCHX

RS China Fund

No one, but . . .

Tony Chu joins Michael Reynal

2/14

GUHYX

RS High Yield Fund

Howard Most is retiring after  five entirely okay years with the fund

Marc Gross and Kevin Booth remain

2/14

XXXXX

Russell LifePoints 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055

Michael Ruff

John Greves and Brian Meath

2/14

RBLEX

Russell LifePoints Balanced Strategy

Michael Ruff

Brian Meath

2/14

RCLEX

Russell LifePoints Conservative Strategy

Michael Ruff

Brian Meath

2/14

RELEX

Russell LifePoints Equity Growth Strategy

Michael Ruff

Brian Meath

2/14

RALEX

Russell LifePoints Growth Strategy

Michael Ruff

Brian Meath

2/14

RZLRX

Russell LifePoints in Retirement

Michael Ruff

John Greves and Brian Meath

2/14

RMLEX

Russell LifePoints Moderate Strategy

Michael Ruff

Brian Meath

2/14

SEBLX

Sentinel Balanced Fund

David Brownlee will retire at the end of June.

Jason Doiron and Daniel Manion remain

2/14

SECMX

Sentinel Conservative Strategies Fund

David Brownlee will retire at the end of June.

Jason Doiron, Daniel Manion, and Katherine Shapiro remain

2/14

SEGSX

Sentinel Government Securities Fund

David Brownlee will retire at the end of June.

Jason Doiron remains.

2/14

SSIGX

Sentinel Low Duration Bond Fund

David Brownlee will retire at the end of June.

Jason Doiron remains.

2/14

 

Sentinel Total Return Bond Fund

David Brownlee will retire at the end of June.

Jason Doiron remains.

2/14

FCSAX

Strategic Advisers Core Fund

Lawrence Rakers, who was moved out of the portfolio manager role at Fidelity Dividend Growth after five volatile years,  has been replaced …

… by Matthew Fruhan

2/14

FMJDX

Strategic Advisers International Multi-Manager Fund

W. George Greig has left the William Blair & Co. sleeve of the fund after 17 years

The rest of the team remains on the fund.

2/14

USMIX

USAA Extended Market Index Fund

Ed Corallo has retired

Alan Mason is the new portfolio manager

2/14

USFSX

USFS Funds Tactical Asset Allocation Fund

Chris Weber and Mark Elste are out

Robert Cummisford and Tommy Huie will take over

2/14

VALLX

Value Line Larger Companies

Mark Spellman

Stephen Grant will manage the fund

2/14

VGPMX

Vanguard Precious Metals and Mining Fund

No one, but . . .

Jamie Horvat joins Randeep Somel

2/14

CBEAX

Wells Fargo Advantage C & B Large Cap Value Fund

Daren Heitman is out.

The rest of the team remains on the fund.

2/14

CBMAX

Wells Fargo Advantage C & B Mid Cap Value Fund

Daren Heitman is out.

The rest of the team remains on the fund.

2/14

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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.