Manager changes, August 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
AISCX Acuitas International Small Cap Fund Mike Jolin is no longer listed as a portfolio manager to the fund. Preston Brown has joined Dennis Jensen, Christopher Tessin, Jonathan Brodsky, Drew Edwards, Marco Priani, Bram Zeigler, and Regina Chi on the management team. 8/15
AFXAX American Beacon Flexible Bond Fund GAM International Management is no longer listed as a subadvisor to the fund, therefore Timothy Haywood and Daniel Sheard will no longer serve as portfolio managers. Payden & Rygel are new subadvisors to the fund, bringing Brian Matthews, Scott Weiner, and Brad Boyd to the management team. 8/15
AAIFX Anchor Alternative Income Fund Anchor Capital Management Group, Inc. will no longer manage any portion of the assets of the fund; Garrett Waters and Eric Leake will be removed as portfolio managers. Joel Price will be the sole portfolio manager 8/15
BIOPX Baron Opportunity Fund No one, but Michael Lippert will be recovering from a bicycle accident. While Mssr. Lippert recovers, Alex Umansky, Neal Rosenberg, and Ashim Mehra, will temporarily co-manage the fund. 8/15
BAMIX BMO Multi-Asset Income Fund Jeff Weniger is no longer listed as a portfolio manager to the fund. Lowell Yura and Jon Adams join Brent Schutte in managing the fund 8/15
CALSX Calamos Long/Short Fund Daniel Fu is no longer listed as a portfolio manager to the fund. Gary Black, John Calamos, and Matthew Wolfson remain on the fund 8/15
CSMIX Columbia Small Cap Value Fund John Barrett is no longer listed as a portfolio manager to the fund. Jeremy Javidi remains as the sole manager of the fund 8/15
BTAEX Deutsche EAFE Equity Index Fund Joseph LaPorta is no longer listed as a portfolio manager Patrick Dwyer joins Thomas O’Brien in managing the fund 8/15
DTMAX Dreyfus Total Emerging Markets Fund No one, but . . . Sean Fitzgibbon and Alexander Kozhemiakin are joined by Federico Garcia Zamora, Jay Malikowski and Josephine Shea. 8/15
ECCGX Eaton Vance Greater China Growth Fund Lily Jap is no longer listed as a portfolio manager to the fund. Stephen Ma and June Lui remain on the fund 8/15
FAGOX Fidelity Advisor Growth Opportunities Fund Gopal Reddy is no longer listed as a portfolio manager on the fund. Long time manager Steven Wymer returns, joined by Kyle Weaver. 8/15
FAOFX Fidelity Advisor Series Growth Opportunities Gopal Reddy is no longer listed as a portfolio manager on the fund. Kyle Weaver and Steven Wymer have taken over the fund. 8/15
VEEEX Global Strategic Income Fund Matthew Benkendorf is no longer listed as a portfolio manager on the fund. Gary Friedle, Stuart Shikiar, and Albert Sipzener have taken over. 8/15
GMSAX Goldman Sachs Managed Futures Strategy Fund Alex Wang will no longer serve as a portfolio manager for the fund. James Park and William Fallon will continue on 8/15
GCMAX Goldman Sachs Mid Cap Value Portfolio Dolores Bamford announced that she will be retiring from Goldman Sachs, effective September 1st. Sung Cho joins Timothy Ryan and Sean Gallagher in managing the fund 8/15
HERAX Hartford Emerging Markets Equity Fund Cheryl Duckworth is no longer listed as a portfolio manager David Elliot has taken over as portfolio manager 8/15
HRLAX Hartford Global Real Asset Fund Lindsay Politi will no longer serve as a portfolio manager for the fund. Jay Bhutani, Scott Elliott, Brian Garvey, and David Chang will continue managing the fund 8/15
HIPAX Hartford Inflation Plus Fund Lindsay Politi will no longer serve as a portfolio manager for the fund. Joseph Marvan will take over as sole manager to the fund 8/15
HDVAX Hartford International Capital Appreciation Fund Jean-Marc Berteaux, James Shakin, and Tara Connolly Stilwell will no longer serve as a portfolio managers for the fund. Kent Stahl and Gregg Thomas remain. 8/15
HNCAX Hartford International Growth Fund. Jean-Marc Berteaux will no longer serve as a portfolio manager for the fund. Tara Connolly Stilwell has joined John Boselli in managing the fund. 8/15
HAFAX Hartford Multi-Asset Income Fund No one, but . . . David Elliot, Campe Goodman, and Richard Meagher have been joined by Lutz-Peter Wilke 8/15
HTNAX Hartford Municipal Real Return Fund Lindsay Politi will no longer serve as a portfolio manager for the fund. Timothy Haney and Brad Libby will be joined by Joseph Marvan 8/15
HRTVX Heartland Value Fund Bradford Evans has stepped down as a portfolio manager Adam Peck joins William Nasgovitz to manage the fund 8/15
IMIFX Innovator McKinley Income Fund Steven Carhart is no longer listed as a manager to the fund Robert A. Gillam, Robert B. Gillam, Sheldon Lien, Brandon Rinner, and Gregory Samorajski will now run the fund 8/15
JEVAX John Hancock Funds Emerging Markets Fund Henry Gray and Karen Umland are no longer listed as a portfolio managers on the fund. Joseph Chi, Jed Fogdall, and Allen Pu will continue on. 8/15
GIDEX John Hancock International Core Fund Thomas R. Hancock, Ph.D. will no longer serve as a portfolio manager for the fund. David Cowan, Ben Inker, and Sam Wilderman will continue as portfolio managers of the fund. They will be joined by Neil Constable and Chris Fortson. 8/15
JISAX John Hancock International Small Company Fund No one, but . . . Arun Keswani and Bhanu Singh have joined Joseph Chi, Jed Fogdall, Henry Gray, and Karen Umland as portfolio managers of the fund 8/15
JASOX John Hancock New Opportunities Fund Bhanu Singh will no longer serve as a portfolio manager for the fund. Joel Schnieder has joined Joseph Chi, Jed Fogdall and Henry Gray as a portfolio manager of the fund 8/15
JHUAX John Hancock U.S. Equity Fund Thomas Hancock, Ph.D. will no longer serve as a portfolio manager for the fund. David Cowan, Ben Inker, and Sam Wilderman will continue as managers of the fund 8/15
JHUAX John Hancock U.S. Equity Fund Thomas R. Hancock, Ph.D. will no longer serve as a portfolio manager for the fund. David Cowan, Ben Inker, and Sam Wilderman will continue as portfolio managers of the fund. 8/15
IJEAX JPMorgan Emerging Markets Equity Fund Richard Titherington is no longer listed as a portfolio manager on the fund. Austin Forey, Leon Eidelman, and Amit Mehta will continue on. 8/15
JEMEX JPMorgan Emerging Markets Equity Income Fund Richard Titherington is no longer listed as a portfolio manager on the fund. Omar Negyal is now the sole portfolio manager on the fund 8/15
MNILX Litman Gregory Masters International Fund Wellington Management Company LLP will be removed as a sub-advisor and Jean-Marc Berteaux will be removed as the portfolio manager. That’s a rare rebuke for Wellington. The other four sets of sub-advisers remain. 8/15
NWUAX Nationwide U.S. Small Cap Value Fund Bhanu Singh will no longer serve as a portfolio manager for the fund. Joel Schnieder has joined Joseph Chi, Jed Fogdall and Henry Gray as a portfolio manager of the fund 8/15
NSIAX Nuveen Symphony International Equity Fund Joel Drescher is no longer listed as a portfolio manager on the fund. Marc Snyder joins Ross Sakamoto and Gunther Stein in managing the fund 8/15
NCGAX Nuveen Symphony Large-Cap Growth Fund Joel Drescher is no longer listed as a portfolio manager on the fund. Marc Snyder joins Ross Sakamoto and Gunther Stein in managing the fund 8/15
NCCAX Nuveen Symphony Mid-Cap Core Fund Joel Drescher is no longer listed as a portfolio manager on the fund. Marc Snyder joins Ross Sakamoto and Gunther Stein in managing the fund 8/15
OOSAX Oppenheimer Senior Floating Rate Fund Effective October 28, 2015, Margaret Hui will no longer serve as a portfolio manager for the fund. On that date, David Lukkes will join existing manager Joseph Welsh 8/15
PRDAX Principal Diversified Real Asset James Fennessey is no longer listed as a portfolio manager on the fund. Benjamin Rotenberg, Marcus Dummer, Jessica Bush, Jake Anonson, and Kelly Grossman will continue to manage the fund. 8/15
PMSAX Principal Global Multi-Strategy James Fennessey is no longer listed as a portfolio manager on the fund. Benjamin Rotenberg, Marcus Dummer, Jessica Bush, Jake Anonson, and Kelly Grossman will continue to manage the fund. 8/15
RAMVX Roumell Opportunistic Value Fund Edward Crawford is no longer a portfolio manager to the fund JamesRoumell, lead portfolio manager, will continue to provide services to the fund. 8/15
SSCPX Saratoga Small Capitalization Fund Patrick O’Brien is no longer listed as a portfolio manager on the fund. Mitch Zacks is the new portfolio manager 8/15
SMENX Schroder Emerging Markets Multi-Cap Equity Fund Daniel Winterbottom will no longer serve as a portfolio manager for the fund. Ayse Serinturk, James Larkman, Stephen Langford, and Justin Abercrombie will remain with the fund. 8/15
SRLN SPDR Blackstone / GSO Senior Loan ETF Lee Shaiman will retire by the end of September. Daniel McMullen will assume the portfolio manager role. 8/15
FUSIX Strategic Advisers® International II Fund H.B. King is no longer listed as a portfolio manager on the fund. Wilfred Chilangwa and Cesar Hernandez will continue to manage the fund 8/15
TVRAX Transparent Value Directional Allocation Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVEAX Transparent Value Dividend Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVAAX Transparent Value Large-Cap Aggressive Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVBAX Transparent Value Large-Cap Core Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVDAX Transparent Value Large-Cap Defensive Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVGAX Transparent Value Large-Cap Growth Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVMAX Transparent Value Large-Cap Market Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVVAX Transparent Value Large-Cap Value Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVSAX Transparent Value Small-Cap Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
TVKAX Transparent Value SMID-Cap Directional Allocation Fund Julian Koski will no longer serve as a portfolio manager for the fund. Scott Hammond, Armen Arus and Gennadiy Khayutin will remain as the portfolio managers of the fund. 8/15
USIFX USAA International Fund No one, but . . . The fund’s Board of Trustees recently approved Lazard Asset Management and Wellington Management LLP as two additional subadvisers to the fund 8/15
VAIAX Virtus Alternative Income Solution Fund Joe Lu will no longer serve as a portfolio manager for the fund. The rest of the extensive team remains. 8/15
VATAX Virtus Alternative Total Solution Fund Joe Lu will no longer serve as a portfolio manager for the fund. The rest of the extensive team remains. 8/15
Various Voya Solution, Retirement Solution and Index Solution funds Frank van Etten will no longer serve as a portfolio manager for about 20 funds. The other managers remain. 8/15
WHGMX Westwood Smidcap Fund Ragen Stienk is no longer listed as a portfolio manager on the fund. Susan Schmidt joins Prashant Inamdar, Thomas Lieu, and Grant Taber in running the fund. 8/15
WHGPX Westwood Smidcap Plus Fund Ragen Stienk is no longer listed as a portfolio manager on the fund. Susan Schmidt joins Prashant Inamdar, Thomas Lieu, and Grant Taber in running the fund. 8/15

 

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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.