Manager changes, May 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

CLACX

AdvisorOne Select Appreciation Fund

Matthew Santini

Grant Engelbart

5/14

CLSHX

AdvisorOne Shelter Fund

Stephen Donahoe

Scott Kubie, who previously managed the fund from 2009 to 2011, returns.

5/14

AAPAX

American Beacon Retirement Income and Appreciation Fund

Jeff Scudieri is out

The rest of the team remains on the fund.

5/14

AIVOX

American Century International Opportunities Fund

Indraneel Das is out

Mark Kopinski and Trevor Gurwich remain

5/14

MMCIX

BNY Mellon Small/Mid Cap Multi-Strategy Fund, formerly the BNY Mellon Small/Mid Cap Fund

As part of the name and strategy change, John Truschel is out.

The team of David Daglio, James Boyd, Stephanie Brandaleone, Joseph Corrado, Dale Dutile, Bernard Schoenfeld, Todd Wakefield, Edward Walter, and Robert Zeuthen, is in

5/14

CLTAX

Catalyst/Lyons Tactical Allocation

Michael Schoonover

Louis Stevens resumes the lead.

5/14

CASAX

Columbia Pacific/Asia Fund

No one, but . . .

Christine Seng joins Daisuki Nomoto and Jasmine Huang

5/14

DMVAX

Dreyfus Select Managers Small Cap Value Fund

No one, but . . .

Channing Capital Management has been added as a subadvisor, with Wendell Mackey joining the management team.

5/14

KTRAX

DWS Global Income Builder Fund

Benjamin Price is out

The rest of the team remains on the fund.

5/14

SEMGX

DWS Investments

Juergen Foerster and Johannes Prix are out

Sean Taylor and Andrew Beal take over

5/14

EAFVX

Eaton Vance Focused Value Opportunities Fund

Matthew Beaudry and Stephen Kaszynski are out immediately. In addition, Michael Mach will retire from Eaton Vance on June 30.

John Crowley will remain as lead portfolio manager. He will be joined by Edward Perkin on June 30.

5/14

EHSTX

Eaton Vance Large-Cap Value Fund

Matthew Beaudry and Stephen Kaszynski are out immediately. In addition, lead portfolio manager Michael Mach will retire from Eaton Vance on June 30.

John Crowley will remain as lead portfolio manager. He will be joined by Edward Perkin, who will become lead portfolio manager, on June 30.

5/14

EATVX

Eaton Vance Tax-Managed Value Fund

Matthew Beaudry and Stephen Kaszynski are out immediately. In addition, lead portfolio manager Michael Mach will retire from Eaton Vance on June 30.

John Crowley will remain as lead portfolio manager. He will be joined by Edward Perkin, who will become lead portfolio manager, on June 30.

5/14

FDASX

Fidelity Advisor Global Strategies Fund

Andrew Dierdorf and Jurrien Timmer are gone

Christopher Sharpe and Ruben Calderon are the new managers.

5/14

FDYSX

Fidelity Global Strategies Fund

Andrew Dierdorf and Jurrien Timmer are gone from a fund that the Observer has been deeply skeptical of

Christopher Sharpe and Ruben Calderon are the new managers, which doesn’t really abate the doubts.

5/14

FENRX

Forward Endurance Long/Short Fund

David Readerman will no longer be involved in the day-to-day management of the fund

Jim O’Donnell will carry on as the sole portfolio manager

5/14

FFSCX

Forward Small Cap Equity Fund

David Readerman will no longer be involved in the day-to-day management of the fund

Jim O’Donnell will carry on as the sole portfolio manager

5/14

HKMNX

HAGIN Keystone Market Neutral Fund

Nathan Lee will no longer serve as a portfolio manager

The remainder of the team, Robert Morris, Patrick Morris, and Kyle Cox, carries on.

5/14

HIACX

Hartford Capital Appreciation HLS Fund

Paul Marrkand leaves the team

Philip Ruedi joins the team

5/14

HLEAX

Hartford Global Research Fund

Cheryl Duckworth and Mark Mandel are no longer portfolio managers

Ian Link, W. Michael Reckmeyer, and John Ryan are in.

5/14

HSCSX

Homestead Small Company Stock Fund

No one right now, but Peter Morris and Stuart Teach will be retiring sometime next year.

Prabha Carpenter moves up from Senior Equity Analyst to become a comanager on the fund. She joins the team of Mark Ashton, Peter Morris, and Stuart Teach as they prepare for the retirements.

5/14

HOVLX

Homestead Value Fund

No one right now, but Peter Morris and Stuart Teach will be retiring sometime next year.

Prabha Carpenter moves up from Senior Equity Analyst to become a comanager on the fund. She joins the team of Mark Ashton, Peter Morris, and Stuart Teach as they prepare for the retirements.

5/14

IAOPX

Invesco Global Opportunities

No one, but . . .

Andrew Hall joins Stephen Anness

5/14

WASAX

Ivy Asset Strategy Fund

Ryan Caldwell will be leaving the fund

Michael Avery will carry on.

5/14

JEIAX

JPMorgan Global Equity Income Fund

Georgina Maxwell and Jeroen Huysinga are off this fund.

Gerd Woort-Menker and James Davidson carry on.

5/14

JIOAX

JPMorgan International Opportunities Fund

No one, but . . .

Georgina Maxwell joins Jeroen Huysinga.

5/14

JLTAX

JPMorgan Latin America

Sebastian Luparia is no longer a portfolio manager.

Luis Carrillo and Sophie Bosch de Hood remain

5/14

NWFAX

Nationwide Fund

Edward Herbert is no longer a manager

Derek Izuel remains

5/14

NWGHX

Nationwide HighMark Large Cap Core Equity Fund

Edward Herbert is no longer a manager

Derek Izuel remains

5/14

NWGLX

Nationwide HighMark Large Cap Growth Fund

George Rokas is out

Derek Izuel and Kenneth Wemer remain

5/14

NWGPX

Nationwide HighMark Small Cap Core Fund

Edward Herbert is no longer a manager

Derek Izuel remains

5/14

NTBAX

Navigator Tactical Fixed Income Fund

No one, but . . .

Robert Bennett has joined K. Sean Clark, David Rights, and Mason Wev as a portfolio manager

5/14

NCGFX

New Covenant Growth Fund

Baillie Gifford is out as a subadvisor along with their six portfolio managers.

Four subadvisors and ten portfolio managers remain

5/14

ISACX

Nuveen International Select Fund

Subadvisors Altrisnic Global Advisors and Lazard Asset Management, are out at the end of June.

Nuveen Asset Management remains the sole subadvisor with Tracy Stouffer as the sole portfolio manager.

5/14

SLATX

Strategic Latin America Fund

Heiner Skaliks

Mauricio Alvarez

5/14

HRAAX

The Hartford Growth Allocation Fund

Wellington Management is out as a subadvisor, along with Saul Pannell and Nicolas Choumenkovitch

Management moves in-house with Vernon Meyer taking the lead

5/14

DIEGX

Transamerica Partners Institutional Large Growth

Paul Marrkand leaves the team

Mammen Chally joins Blair Boyer, Michael Del Balso, and Spiros Segalas

5/14

DVEGX

Transamerica Partners Large Growth

Paul Marrkand leaves the team

Mammen Chally joins Blair Boyer, Michael Del Balso, and Spiros Segalas

5/14

VCSOX

VALIC Company I Global Social Awareness Fund

Michael Kelly, Sheedsa Ali, and Kate Faraday

Timothy Campion, Kara Murphy, and Andrew Sheridan

5/14

VCIEX

VALIC Company I International Equities Fund

Michael Kelly, Sheedsa Ali, and Kate Faraday

Timothy Campion, Kara Murphy, and Andrew Sheridan

5/14

CMCAX

Van Eck CM Commodity Index Fund

Michail Mazier

Gregory Krenser and Roland Morris

5/14

VAIAX

Virtus Alternative Income Solution Fund

No one, but . . .

Warun Kumar joins the team

5/14

VSAIX

Virtus Alternative Inflation Solution Fund

No one, but . . .

Warun Kumar joins the team

5/14

VATAX

Virtus Alternative Total Solution Fund

No one, but . . .

Warun Kumar joins the team

5/14

IAGEX

Voya Global Equity Dividend Fund

No one, but . . .

Kris Hermie joins Herman Klein, Nicolas Simar, and Bruno Springael

5/14

UNASX

Waddell & Reed Advisors Asset Strategy Fund

Ryan Caldwell will be leaving the fund

Michael Avery will carry on.

5/14

NVDAX

Wells Fargo Advantage Diversified Equity Fund

No one, but . . .

Aldo Ceccarelli joins the team of Thomas Biwer and Erik Sens

5/14

EMGAX

Wells Fargo Advantage Emerging Markets Equity Fund

No one, but . . .

Richard Peck joins Yi Zhang and Derrick Irwin in managing the fund

5/14

WFGBX

Wells Fargo Advantage Growth Balanced Fund

No one, but . . .

Aldo Ceccarelli joins the team of Thomas Biwer, Erik Sens, Kandarp Achara, and Christian Chan.

5/14

WFMAX

Wells Fargo Advantage Moderate Balanced Fund

No one, but . . .

Aldo Ceccarelli joins the team of Thomas Biwer, Erik Sens, Kandarp Achara, and Christian Chan.

5/14

AMCRX

Wilmington Mid Cap Growth Fund

No one, but . . .

Jeff Schollaert joined Mark Schultz

5/14

WRAAX

Wilmington Multi-Manager Alternatives Fund

Greg Silberman is no longer a portfolio multi- manager

Todd Murphy joins the team.

5/14

GVIEX

Wilmington Multi-Manager International Fund

Baring International is out as a subadvisor along with portfolio managers Tom Mann, David Bertocchi and Jonathan Greenhill

JO Hambro Capital Management joins the team as a new subadvisor with portfolio managers Christopher Lees and Nudgem Richyal. The rest of the team remains.

5/14

WMMRX

Wilmington Multi-Manager Real Asset Fund

Greg Silberman is no longer a portfolio manager

The rest of the team remains on the fund.

5/14

WAAAX

Wilmington Strategic Allocation Aggressive Fund

Clayton Albright is out.

Rex Macey joins Allen Choinski, Joshua Savadove and Mark Stevenson

5/14

WCAAX

Wilmington Strategic Allocation Conservative Fund

Clayton Albright is out.

Rex Macey joins Allen Choinski, Joshua Savadove and Mark Stevenson

5/14

ARBAX

Wilmington Strategic Allocation Moderate Fund

Clayton Albright is out.

Rex Macey joins Allen Choinski, Joshua Savadove and Mark Stevenson

5/14

 

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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.