Manager changes, May 2015

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

TDBAX

AB Multi-Manager Select 2010 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDCAX

AB Multi-Manager Select 2015 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDDAX

AB Multi-Manager Select 2020 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDAGX

AB Multi-Manager Select 2025 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDHAX

AB Multi-Manager Select 2030 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDMAX

AB Multi-Manager Select 2035 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDJAX

AB Multi-Manager Select 2040 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDNAX

AB Multi-Manager Select 2045 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDLAX

AB Multi-Manager Select 2050 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDAPX

AB Multi-Manager Select 2055 Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

TDAIX

AB Multi-Manager Select Retirement Allocation Fund

Jeremy Stempien is no longer listed as a portfolio manager on the fund

John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team

5/15

ABMAX

American Beacon Mid-Cap Value Fund

Subadvisor, LMCG Investments Group, has been terminated, along with portfolio managers R. Todd Vingers and Jay Willadsen

WEDGE Captial Management is a new subadvisor. John Carr, Brian Pratt, Paul VeZolles, and Richard Wells join the existing managers, James Barrow, Mark Giambrone, Adriana Posada, Richard Pzena, Manoj Tandon, Wyatt Crumpler, Gene Needles, and Eli Rabinowich

5/15

AAPAX

American Beacon Retirement Income and Appreciation Fund

Steve Klouda is no longer listed as a portfolio manager.

The other twelve managers remain

5/15

BACPX

BlackRock 20/80 Target Allocation Fund, formerly BlackRock Conservative Prepared Portfolio

Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change.

Michael Gates and Russ Koesterich will manage the renamed fund.

5/15

BAMPX

BlackRock 40/60 Target Allocation Fund, formerly BlackRock Moderate Prepared Portfolio

Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change.

Michael Gates and Russ Koesterich will manage the renamed fund.

5/15

BAGPX

BlackRock 60/40 Target Allocation Fund, formerly BlackRock Growth Prepared Portfolio

Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change.

Michael Gates and Russ Koesterich will manage the renamed fund.

5/15

BAAPX

BlackRock 80/20 Target Allocation Fund, formerly Blackrock Aggressive Growth Prepared Portfolio

Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change.

Michael Gates and Russ Koesterich will manage the renamed fund.

5/15

BALPX

BlackRock Event Driven Equity Fund

Peter Stournaras is no longer listed as a portfolio manager of the fund

Mark McKenna is the new portfolio manager

5/15

BCAMX

Boston Common U.S. Equity Fund

Thomas Darling is no longer with Boston Common Asset Management, and will no longer serve as a portfolio manager to the fund

The rest of the team, Praveen Abichandani, Geeta Aiyer, Steven Heim, and Corné Biemans, remains.

5/15

BUFOX

Buffalo Emerging Opportunities Fund

John Bichelmeyer is no longer a co-portfolio manager to the fund

Doug Cartwright has been added as a co-portfolio manager, joining Craig Richard.

5/15

ATRAX

Catalyst Absolute Total Return Fund, which will undergo a name and objective change to Catalyst Intelligent Alternative Fund in July.

Shawn Blau and William Kennedy are no longer portfolio managers of the fund

David Miller is now the portfolio manager

5/15

CLPAX

Catalyst/Lyons Hedged Premium Return Fund

Louis A. Stevens is no longer a portfolio manager

Brent Haworth and Michael Schoonover join Alexander Read in managing the fund.

5/15

CLTAX

Catalyst/Lyons Tactical Allocation Fund

Louis A. Stevens is no longer a portfolio manager

Brent Haworth and Michael Schoonover join Alexander Read in managing the fund.

5/15

CSMVX

Century Small Cap Select Fund

Kevin Callahan is no longer listed as a portfolio manager of the fund

Alexander Thorndike carried on as sole portfolio manager

5/15

MAIOX

Columbia International Opportunities Fund, formerly Columbia Marsico International Opportunities Fund

Munish Malhotra and Marsico Capital are out. Poor Marsico.

William Davies, Dave Dudding, and Simon Haines have assumed portfolio management duties

5/15

GHAFX

Granite Harbor Alternative Fund

V2 (for “Victor Vine,” not for Germany’s WW2 rocket) Capital is no longer a subadviser to the fund, and Victor Viner, Brett Novosel, and Michael Holleb are no longer listed as portfolio managers

The other ten managers remain

5/15

GHTFX

Granite Harbor Tactical Fund

V2 Capital is no longer a subadviser to the fund, and Victor Viner, Brett Novosel, and Michael Holleb are no longer listed as portfolio managers

The other ten managers remain

5/15

MXSGX

Great-West Small Cap Growth Fund

Effective immediately, Christopher Guinther is no longer a portfolio manager to the fund.

Michael Sansoterra and Sandeep Bhatia remain.

5/15

HERAX

Hartford Emerging Markets Equity Fund, formerly Hartford Emerging Markets Research Fund, has also undergone a strategy change and fee reduction.

Cheryl Duckworth is no longer listed as a portfolio manager

David Elliot has taken over as portfolio manager

5/15

HFRAX

Highland Floating Rate Opportunities Fund

No one, but . . .

Chris Mawn (former manager of Highland Opportunistic Credit Fund) joins Mark Okada in managing the fund

5/15

HNRAX

Highland Opportunistic Credit Fund

Chris Mawn will no longer serve as a portfolio manager to the fund, as he moves over to help manage the Highland Floating Rate Opportunities Fund

Trey Parker joins James Dondero in managing the fund

5/15

HCGAX

HSBC Emerging Markets Debt Fund

Phil Yuhn will no longer serve as a portfolio manager to the fund

Guillermo Ariel Ossés, Lisa Chua, and Vinayak Potti remain on the fund.

5/15

HBMAX

HSBC Emerging Markets Local Debt Fund

Phil Yuhn will no longer serve as a portfolio manager to the fund

Guillermo Ariel Ossés, Lisa Chua, and Vinayak Potti remain on the fund.

5/15

HTRAX

HSBC Total Return Fund

Phil Yuhn will no longer serve as a portfolio manager to the fund

Guillermo Ariel Ossés, Lisa Chua, and Vinayak Potti remain on the fund.

5/15

MKNAX

Invesco Global Market Neutral Fund

Karl Georg Bayer is no longer a portfolio manager

Michael Abata, Uwe Draeger, Nils Huter, Charles Ko, Jens Langewand, and Andrew Waisburd remain.

5/15

LVLAX

Invesco Low Volatility Emerging Markets Fund

Karl Georg Bayer is no longer a portfolio manager  on this not-noticeably-low volatility fund

Michael Abata, Uwe Draeger, Nils Huter, Charles Ko, Jens Langewand, and Andrew Waisburd remain.

5/15

IREAX

Ivy Global Real Estate Fund

Ernst-Jan de Leeuw is no longer listed as a portfolio manager

Stanley Kraska Jr., George Noon, and Keith Pauley are joined by Matthew Sgrizzi

5/15

IVRAX

Ivy Global Risk-Managed Real Estate Fund

Ernst-Jan de Leeuw is no longer listed as a portfolio manager

Stanley Kraska Jr., George Noon, and Keith Pauley are joined by Matthew Sgrizzi

5/15

RGROX

JHancock Select Growth Fund

Ian Tabberer is no longer the portfolio manager of the fund

Gary Robinson is the new portfolio manager of the fund.

5/15

LCORX

Leuthold Core Investment I Fund

Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds. Despite a sort of goofy official portrait, Matt struck us as solid and thoughtful, and we wish him well with his new endeavors.

Doug Ramsay and Chun Wang remain and are likely to pick up a co-manager or two from Leuthold’s analyst corps.

5/15

LGINX

Leuthold Global Industries Fund

Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds.

The Leuthold Funds will add current employees familiar with the internal processes to the portfolio teams.

5/15

GLBLX

Leuthold Global Fund

Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds.

The Leuthold Funds will add current employees familiar with the internal processes to the portfolio teams.

5/15

LSLTX

Leuthold Select Industries Fund

Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds.

The Leuthold Funds will add current employees familiar with the internal processes to the portfolio teams.

5/15

EAPEX

Parametric Emerging Markets Core Fund

David Stein is no longer listed as a portfolio manager of the fund

Timothy Atwill and Thomas Seto will carry on.

5/15

ETIGX

Parametric Tax-Managed International Equity Fund

David Stein is no longer listed as a portfolio manager of the fund

Thomas Seto and Paul Bouchey will carry on.

5/15

LSEAX

Persimmon Long/Short Fund

No one, but . . .

Ken Cavazzi joins the other eleven managers on the fund. Twelve guys on a $30 million fund might help explain the 3.29% e.r.

5/15

PATHX

PIMCO EqS Pathfinder Fund

Anne Gudefin, the star manager brought in when the fund was launched, is no longer listed as a portfolio manager of the fund

Virginie Maisonneuve and Geraldine Sundstrom

5/15

STCIX

RidgeWorth Large Cap Growth Stock Fund

Christopher Guinther is no longer a portfolio manager

Michael Sansoterra and Sandeep Bhatia remain.

5/15

SCGIX

RidgeWorth Small Cap Growth Stock Fund

Christopher Guinther is no longer a portfolio manager

Michael Sansoterra and Sandeep Bhatia remain.

5/15

SGEAX

Salient Global Equity Fund

Ajay Mehra is no longer listed as a portfolio manager

Lee Partridge continues on as sole portfolio manager

5/15

FILFX

Strategic Advisers International Fund

No one, but . . .

Stephanie Braming joins the extensive team

5/15

FBAAX

SunAmerica Focused Balanced Strategy

Kara Murphy, Timothy Pettee and Timothy Campion are no longer listed as portfolio managers

Douglas Loeffler will serve as the portfolio manager

5/15

FASAX

SunAmerica Focused Multi-Asset Strategy

Kara Murphy, Timothy Pettee and Timothy Campion are no longer listed as portfolio managers

Douglas Loeffler will serve as the portfolio manager

5/15

TGGEX

TCW Growth Equities Fund

Mike Olson has ceased to be a portfolio manager of the fund.

Chang Lee has assumed full responsibilities as the sole portfolio manager.

5/15

TGSCX

TCW Small Cap Growth Fund

Mike Olson has ceased to be a portfolio manager of the fund.

Chang Lee has assumed full responsibilities as the sole portfolio manager.

5/15

TGSDX

TCW SMID Cap Growth Fund

Mike Olson has ceased to be a portfolio manager of the fund.

Chang Lee has assumed full responsibilities as the sole portfolio manager.

5/15

TSNAX

Touchstone Sands Capital Select Growth Fund

No one, but . . .

Franks Sands, Jr. has been joined by Thomas Ricketts and A. Michael Sramek.

5/15

TEQAX

Touchstone Sustainability and Impact Equity Fund, formerly Touchstone Large Cap Growth Fund

Interim portfolio manager, Wayne Hollister, is no longer interim-ing.

Jimmy Chang, Farha-Joyce Haboucha, and David Harris are now managing the fund.

5/15

TTAAX

Transamerica Dynamic Allocation II, formerly Transamerica Tactical Allocation, has undergone a complete reorganization

Doug Weih, David Halfpap, and Frank Rybinski are no longer listed as portfolio managers to the fund

Prashant Chandran, S. Kenneth Leech, Y. Wayne Lin, Thomas Picciochi, and Ellen Tesler are now the portfolio managers

5/15

ATTRX

Transamerica Dynamic Allocation, formerly Transamerica Tactical Rotation, has undergone a complete reorganization

Doug Weih, David Halfpap, and Frank Rybinski are no longer listed as portfolio managers to the fund

Prashant Chandran, S. Kenneth Leech, Y. Wayne Lin, Thomas Picciochi, and Ellen Tesler are now the portfolio managers

5/15

IGTAX

Transamerica Dynamic Income, formerly Transamerica Tactical Income, has undergone a complete reorganization

Doug Weih, David Halfpap, and Frank Rybinski are no longer listed as portfolio managers to the fund

Y. Wayne Lin, Thomas Picciochi, and Ellen Tesler are now the portfolio managers

5/15

TMCGX

Turner Emerging Growth Fund

Peter Niedland is no longer listed as a portfolio manager

Richard Gould joins Jason Schrotberger in managing the fund

5/15

TSCEX

Turner Small Cap Growth Fund

Peter Niedland is no longer listed as a portfolio manager

Richard Gould joins Jason Schrotberger in managing the fund

5/15

VWUSX

Vanguard U.S. Growth Fund

Ian Tabberer is no longer listed as a portfolio manager

Gary Robinson joins the team of Kathleen McCarragher, Blair Boyer, David Ricci, Jeffrey Van Harte, Andrew Shilling, Daniel Prislin, James Golan, Christopher Ericksen, and Christopher Bonavico

5/15

VWNDX

Vanguard Windsor Fund

No one, but . . .

Benjamin Silver joins Richard Pzena, John Goetz, and James Mordy on the management team

5/15

WUSAX

Wanger USA

No one yet, but Robert Mohn, lead portfolio manager, will step down in the fourth quarter of 2015.

William Doyle will remain on the fund

5/15

 

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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.