Manager changes, July 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

BJBHX

Aberdeen Global High Income Fund

No one, but . . .

Lynn Chen joins Donald Quigley as a portofolio manager.

7/14

BJBGX

Aberdeen Total Return Bond Fund

No one, but . . .

Lynn Chen joins Donald Quigley as a portofolio manager.

7/14

ABYSX

AllianceBernstein Discovery Value Fund

No one, but . . .

Shri Singhvi joins James MacGregor and Joseph Paul on the fund.

7/14

CABNX

AllianceBernstein Global Risk Allocation Fund

Ashwin Alankar is out

Michael DePalma and Leon Zhu remain.

7/14

FXDAX

Altegris Fixed Income Long Short Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Matthew Osborne, Kevin Schweitzer, Anilesh Ahuja, James Nimberg, and Eric Bundonis remain.

7/14

EVOAX

Altegris Futures Evolution Strategy Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Eric Bundonis joins Matthew Osborne and Jeffrey Gundlach in managing the fund.

7/14

MFTAX

Altegris Managed Futures Strategy Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Ryan Hart has joined Matthew Osborne and John Tobin in managing the fund.

7/14

MULAX

Altegris Multi-Strategy Alternative Fund

Jon Sundt and Allen Cheng have been removed as portfolio managers

Matthew Osborne remains as the sole portfolio manager.

7/14

CHASX

Chase Growth Fund

Edward Painvin will no longer serve as portfolio manager

Brian Lazorishak will become the primary porfolio manager.

7/14

CHAMX

Chase Mid-Cap Growth Fund

Edward Painvin will no longer serve as portfolio manager

Brian Lazorishak will become the primary porfolio manager.

7/14

CAALX

Cornerstone Advisors Public Alternatives Fund

Turner Investments is no longer a subadvisor to the fund.

The remainder of the extensive team remains.

7/14

CRMAX

CRM Small/Mid Cap Value Fund

No one, but . . .

Brittain Ezzes joins Jay Abramson and Jonathan Ruch as a portfolio manager.

7/14

CRMGX

CRM Small/Mid Cap Value Fund

No one, but . . .

Madeleine Morris joins Jay Abramson and Robert Maina as a portfolio manager.

7/14

SLANX

DWS Latin America Equity Fund

Thomas Petschnigg is out

Marcelo Pinheiro joins Danilo Pereira and Luiz Ribeiro on the management team.

7/14

ELGBX

Elfun International Equity Fund

Jonathan Passmore will be retiring on November 30th.

Upon his retirement, Ralph Layman and Michael Solecki, current comanagers, will continue managing the fund.

7/14

FCNAX

Fidelity Advisor Consumer Discretionary

Gordon Scott is no longer on the fund

Peter Dixon is in.

7/14

FEDAX

Fidelity Advisor Emerging Markets Discovery Fund

Ashish Swarup is no longer listed on the fund.

A new team, consisting of Doug Chow, Timothy Gannon, Jim Hayes, Per Johansson, Greg Lee, and Sam Polyak takes over the fund

7/14

FMAMX

Fidelity Advisor Stock Selector All Cap Fund

Gordon Scott is no longer on the fund

Peter Dixon joins the rest of the team

7/14

FEXPX

Fidelity Export and Multinational Fund

Heather Carrillo is out

Gordon Scott takes over as portfolio manager

7/14

FSCPX

Fidelity Select Portfolios Consumer Discretionary Sector

Gordon Scott is no longer on the fund

Peter Dixon is in.

7/14

FSRPX

Fidelity Select Portfolios Retailing Sector

No one, but . . .

Deena Friedman joins Peter Dixon as a comanager on the fund.

7/14

FSCSX

Fidelity Select Portfolios Software and Computer Services Sector

No one, but . . .

Ali Khan joins Brian Lempel as a comanager of the fund.

7/14

FBMAX

Fidelity Series Broad Market Opportunities Fund

Gordon Scott is no longer on the fund

Peter Dixon joins the rest of the team

7/14

FTIEX

Fidelity Total International Equity Fund

Ashish Swarup is no longer listed on the fund.

Sammy Simnegar joins Jed Weiss and Alexander Zavratsky

7/14

GHRAX

Goldman Sachs Multi-Asset Real Return Fund

Samantha Davidson is out.

Raymond Chan and Christopher Lvoff continue on.

7/14

HIINX

Harbor International Fund

Edward Wendell, Jr. stepped down from the fund and will retire at the end of the year.

Howard Appleby, Jean-Francois Ducrest, and James LaTorre remain on the fund.

7/14

TGRAX

Invesco Pacific Growth Fund

Kunihiko Sugio will no longer serve as a portfolio manager of the fund

Paul Chan and Daiji Ozawa will continue on.

7/14

WHIAX

Ivy High Income Fund

William Nelson has been fired from Waddell and Reed, advisor to the fund, and is no longer the portfolio manager.

Chad Gunther becomes the new portfolio manager.

7/14

JISVX

John Hancock Funds II Small Company Value

Preston Athey no longer serves as portfolio manager

J. David Wagner is the new portfolio manager

7/14

JHUAX

John Hancock Funds II U.S. Equity Fund

No one, but . . .

Ben Inker and Sam Wilderman join Thomas Hancock and David Cowan on the portfolio management team.

7/14

GOIGX

John Hancock International Growth Fund

David Cowan is no longer listed as a portfolio manager

John Boselli joins the fund as sole portfolio manager.

7/14

JINRX

John Hancock Natural Resources 1

Jay Bhutani and John O’Toole are the most recent managers to be off the fund, along with Wellington Management.

Neil Brown and John “Jay” Saunders take over as Jennison Associates becomes subadvisor to the fund.

7/14

LACFX

Lord Abbett Convertible Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Effective October 1, Alan Kurtz will become the lead day-to-day manager and Robert Lee will be a senior member of the management team.

7/14

LFRAX

Lord Abbett Floating Rate Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Effective October 1, Jeffrey Lapin will become the lead day-to-day manager and Robert Lee will be a senior member of the management team.

7/14

LDFVX

Lord Abbett Fundamental Equity Fund

Deepak Khanna is no longer listed as a portfolio manager

Sean Aurigemma carries on.

7/14

LHYAX

Lord Abbett High Yield Fund

Christopher Towle will retire on September 30th, after a 28-year career at Lord Abbett.

Effective October 1, Stephen Rocco will become the lead day-to-day manager and Robert Lee will be a senior member of the management team.

7/14

ICAUX

MainStay ICAP Equity Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

ICGLX

MainStay ICAP Global Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

ICEVX

MainStay ICAP International Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

ICSRX

MainStay ICAP Select Equity Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the fund, joined by Andrew Starr and Matthew Swanson

7/14

MAPAX

MainStay MAP Fund

Thomas Wenzel will no longer serve as a portfolio manager

Jerrold Sensor and Thomas Cole will remain on the team, joined by Andrew Starr and Matthew Swanson. The remainder of the team remains.

7/14

OPSIX

Oppenheimer Global Strategic Income Fund

Arthur Steinmetz will no longer serve as a portfolio manager effective Sept 30.

Michael Mata will join the team as lead portfolio manager. Krishna Memani, Sara Zervos, and Jack Brown will remain portfolio managers of the fund.

7/14

BNAAX

UBS Dynamic Alpha Fund

Lowell Yura no longer serves as a portfolio manager of the fund.

Curt Custard, Jonathan Davies, and Andreas Koester remain on the team.

7/14

BNGLX

UBS Global Allocation Fund

Lowell Yura no longer serves as a portfolio manager of the fund.

Curt Custard, Jonathan Davies, and Andreas Koester remain on the team.

7/14

MAIAX

UBS Multi-Asset Income Fund

Lowell Yura no longer serves as a portfolio manager of the fund.

Iain Barnes, Curt Custard, and Andreas Koester remain on the team.

7/14

BMNAX

UBS Equity Long-Short Multi-Strategy Fund

Scott Bondurant no longer serves as a portfolio manager of the fund

John Leonard, Ian Paczek, and Ian McIntosh remain on the fund.

7/14

 

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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.