Manager changes, November 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

CUGAX

Aberdeen Global Fixed Income Fund

Simon Hancock

József Szabó, Rich Smith, Neil Moriarty, and Oliver Boulind

11/14

CLHAX

AdvisorOne CLS International Equity

Scott Kubie is no longer listed as a portfolio manager

Konstantin Etus and Rusty Vanneman are now managing the fund

11/14

AZGAX

AllianzGI Retirement 2015 Fund

Stephen Sexauer will be gone as of Jan 1, 2015

Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund

11/14

AGLAX

AllianzGI Retirement 2020 Fund

Stephen Sexauer will be gone as of Jan 1, 2015

Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund

11/14

ABLAX

AllianzGI Retirement 2030 Fund

Stephen Sexauer will be gone as of Jan 1, 2015

Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund

11/14

AVSAX

AllianzGI Retirement 2040 Fund

Stephen Sexauer will be gone as of Jan 1, 2015

Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund

11/14

ASNAX

AllianzGI Retirement 2050 Fund

Stephen Sexauer will be gone as of Jan 1, 2015

Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund

11/14

ELSAX

Altegris Equity Long Short Fund

Matthew Osborne and Ryan Hart have been removed as a portfolio managers of the fund

Robert Murphy and Eric Bundonis have been added as portfolio managers, joining Joseph Jolson, Don Destino, Jim Fowler, Kelly Wiesbrock, Robert Kim, and Richard Chilton

11/14

FXDAX

Altegris Fixed Income Long Short Fund

Matthew Osborne has been removed as a portfolio manager

Robert Murphy has joined Eric Bundonis, Kevin Schweitzer, and Anilesh “Neil” Ahuja on the management team

11/14

EVOAX

Altegris Futures Evolution Strategy Fund

No one, but . . .

Robert Murphy has joined Matthew Osborne, Eric Bundonis, and Jeffrey Gundlach in managing the fund

11/14

MCRAX

Altegris Macro Strategy Fund

No one, but . . .

Robert Murphy and Eric Bundonis have joined Matthew Osborne in managing the fund

11/14

MFTAX

Altegris Managed Futures Strategy Fund

Ryan Hart has been removed as a portfolio manager

Robert Murphy and Eric Bundonis have joined Matthew Osborne and John Tobin in managing the fund

11/14

MULAX

Altegris Multi-Strategy Alternative Fund

Matthew Osborne is no longer listed as a portfolio manager

Lara Magnusen and Robert Murphy will now run the fund

11/14

RAAAX

Altegris/AACA Real Estate Long Short Fund

Matthew Osborne has been removed as a portfolio manager

Eric Bundonis joins Burland East III in managing the fund.

11/14

CWGIX

American Funds Capital World Growth and Income Fund

Jeanne Carroll is no longer managing money in the fund

The rest of the team remains.

11/14

MDEGX

Blackrock Long-Horizon Equity Fund

James Bristow and Stuart Reeve are out

Gary Clarke and Teun Draaisma take over

11/14

CBCAX

Calamos Focus Growth Fund

No one, but . . .

David Kalis joins the team of John Calamos, Gary Black, Nick Niziolek, Jon Vacko, Dennis Cogan, John Hillenbrand and Steve Klouda

11/14

CVGRX

Calamos Growth Fund

No one, but . . .

David Kalis joins the team of John Calamos, Gary Black, Nick Niziolek, Jon Vacko, Dennis Cogan, John Hillenbrand and Steve Klouda

11/14

CMXAX

Calamos Mid Cap Growth Fund

No one, but . . .

David Kalis joins the team of John Calamos, Gary Black, Nick Niziolek, Jon Vacko, Dennis Cogan, John Hillenbrand and Steve Klouda

11/14

MCXAX

Catalyst Macro Strategy Fund

Subadvisor, Castle Financial & Retirement Planning Associates, is out. Accordingly, managers Korey Bauer and Al Procaccino are replaced…

…by David Miller and Jerry Szilagyi of Catalyst Capital Advisors.

11/14

DMVAX

Dreyfus Select Managers Small Cap Value Fund

No one, but . . .

Roger Porter joins the extensive team

11/14

FCVAX

Fidelity Advisor Small Cap Value Fund

No one (yet), but . . .

Derik Janssen will become lead portfolio manager on January 1, 2015 and sole portfolio a year later. Charles Myers will become a co-manager prior to his departure.

11/14

FGBLX

Fidelity Global Balanced Fund

No one, but . . .

Sefan Lindblad joins Ruben Calderon, Geoffrey Stein, Andrew Weir, John Lo, Stephen DuFour, Maria Nikishova, and Risteard Hogan on the management team

11/14

FSLEX

Fidelity Select Environment and Alternative Energy Portfolio

Anna Davydova is out

Kevin Walenta is in

11/14

FCPVX

Fidelity Small Cap Value Fund

No one, but . . .

Derik Janssen will become lead portfolio manager on January 1, 2015 and sole portfolio a year later. Charles Myers will become a co-manager prior to his departure.

11/14

HIIGX

Harbor International Growth Fund

Paul Faulkner is out.

Moritz Sitte, Sophie Earnshaw and Tom Walsh will join Gerard Callahan, Iain Campbell and Joe Faraday

11/14

HSCSX

Homestead Small Company Stock Fund

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

Gregory Halter joins the team of Peter Morris, Stuart Teach, Mark Ashton, and Prabha Carpenter

11/14

HOVLX

Homestead Value Fund

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

Gregory Halter joins the team of Peter Morris, Stuart Teach, Mark Ashton, and Prabha Carpenter

11/14

WAVEX

Longboard Managed Futures Strategy Fund

Horizon will no longer serve as sub-adviser to the fund and Jill King will no longer be a portfolio manager

Eric Crittenden, Jason Klatt, and Cole Wilcox will carry on

11/14

MEIFX

Meridian Equity Income Legacy Fund

Larry Cordisco and James England, who had been employed by the fund’s  previous adviser, Aster,  are no longer listed as porfolio managers

Minyoung Sohn, formerly a manager on two Janus funds and one of the founders of the new adviser, has taken over as portfolio manager.

11/14

MFWTX

MFS Global Total Return

Barnaby Wiener will no longer be a portfolio manager after December 31, 2014

Pablo De La Mata joined the fund in September. Jonathan Sage joins in December. The rest of the team, Nevin Chitkara, Pilar Gomez-Bravo, Steven Gorham, Richard Hawkins, Robert Persons, Benjamin Stone

11/14

NABAX

Neuberger Berman Absolute Return Multi-Manager Fund

No one, but . . .

Cloud Gate Capital and Blue Jay Capital Management are new subadvisers for the fund, with David Heller, Brian Newman, and Paul Sinclair joining the already extensive team.

11/14

NLMAX

Neuberger Berman Long Short Multi-Manager Fund

No one, but . . .

Cloud Gate Capital and Blue Jay Capital Management are new subadvisers for the fund, with David Heller, Brian Newman, and Paul Sinclair joining the team.

11/14

NCBGX

New Covenant Balanced Growth Fund

Derek Papastrat

Greg McIntire

11/14

NCBIX

New Covenant Balanced Income Fund

Derek Papastrat

Steve Treftz

11/14

USBNX

Pear Tree Columbia Small Cap Fund

Columbia Partners Investment Management has been terminated as a subadvisor, effective December 31, 2014

Bernard Horn and Polaris Capital Management will be the new subadvisor to the fund.

11/14

PIALX

Pioneer Solutions Balanced Fund (formerly Pioneer Ibbotson Moderate Allocation Fund)

Ibbotson Associates is no longer a subadvisor to the fund, and managers Paul Arnold, Brian Huckstep, and Scott Wentsel are out.

Salvatore Buono, John O’Toole, and Paul Weber are taking over the portfolio management duties as Pioneer Investment Management assumes day-to-day management of the fund.

11/14

QEAAX

Quaker Event Arbitrage Fund

No one, but . . .

Paul Hoffmeister joins Thomas Kirchner as a co-portfolio manager

11/14

RGVIX

Royce Global Value Fund

  1. Whitney George, who may have left in a bit of a huff to join Sprott Asset Management of Toronto

David Nadel is joined by Dilip Badlani, James Harvey, and Steven McBoyle

11/14

RLPHX

Royce Low Priced Stock Fund

  1. Whitney George and James “Chip” Skinner, III

James Stoeffel is joined by Carl Brown, James Harvey, and William Hench

11/14

RYOTX

Royce Micro-Cap Fund

  1. Whitney George

Jenifer Taylor and Brendan Hartman carry on

11/14

RYPRX

Royce Premier Fund

  1. Whitney George

Charles Royce and Lauren Romeo are joined by Steven McBoyle.

11/14

RMVSX

Royce SMid-Cap Value Fund

  1. Whitney George

Steven McBoyle carries on

11/14

RVVHX

Royce Value Fund

  1. Whitney George

Lauren Romeo and Jay Kaplan carry on

11/14

RVPHX

Royce Value Plus Fund

  1. Whitney George

James Skinner and Carl Brown carry on

11/14

TLIIX

TIAA-CREF Enhanced Large-Cap Growth Index Fund

Kelvin Zhang is no longer a portfolio manager of the fund

Adam Cao and James Johnson will manage the fund

11/14

MIBFX

Varsity/Monetta Intermediate Bond Fund (formerly the Orion/Monetta Intermediate Bond Fund)

Orion Capital Management no longer serves as a subadviser to the fund, and Stephen Cummings is out as portfolio manager

Varsity Asset Management is a new subadviser. Anthony Apollaro is a new portfolio manager. George Palmer remains on the fund

11/14

VAAAX

Virtus Allocator Premium AlphaSector Fund

Howard Present is out

Amy Robinson is joined by Alexey Panchekha

11/14

PWBAX

Virtus AlphaSector Rotation Fund

Howard Present is out

Amy Robinson is joined by Alexey Panchekha

11/14

VEIAX

Virtus Emerging Markets Equity Income Fund

No one, but . . .

John Looby and Massimiliano Tondi join James Collery, David Hogarty, Ian Madden, and Gareth Maher

11/14

VGPAX

Virtus Global Premium AlphaSector Fund

Howard Present is out

Amy Robinson is joined by Alexey Panchekha

11/14

VAPAX

Virtus Premium AlphaSector Fund

Howard Present is out

Amy Robinson is joined by Alexey Panchekha

11/14

WRAAX

Wilmington Multi-Manager Alternatives Fund

Calypso Capital Management is no longer a subadvisor to the fund, along with Casey Gard

The rest of the team remains

11/14

 

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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.