Manager changes, November 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
IICAX AMF Large Cap Equity Fund Mark Trautman and John McCabe are retiring as the portfolio managers effective December 31, 2015. They will be replaced by Robert Jones and Ana Galliano on January 1, 2016 11/15
BACAX BlackRock All-Cap Energy & Resources Portfolio No one, but . . . Alastair Bishop has joined Robin Batchelor and Poppy Allonby in managing the fund. 11/15
SSGRX BlackRock Energy & Resources Portfolio No one, but . . . Joshua Freedman has joined Robin Batchelor and Poppy Allonby in managing the fund. 11/15
BMMAX BlackRock Multi-Manager Alternative Strategies Fund Achievement Asset Management will no longer be a subadviser to the fund. Pine River Capital Management and Marathon Asset Management have been added as subadvisers. 11/15
CAAAX Calvert Aggressive Allocation Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Joshua Linder is joined by John Nichols and Vishal Khanduja 11/15
CSIFX Calvert Balanced Portfolio Natalie Trunow will no longer serve as a portfolio manager for the fund. Matthew Duch, Vishal Khanduja, and Joshua Linder are joined by Jade Huang, Christopher Madden, Kurt Moeller, Mauricio Agudelo, and Brian Ellis. 11/15
CCLAX Calvert Conservative Allocation Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Joshua Linder is joined by John Nichols and Vishal Khanduja 11/15
CEIAX Calvert Global Equity Income Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Rachel Volynsky and Yvonne Bishop will continue to serve as portfolio managers for the fund. 11/15
CLVAX Calvert Global Value Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Rachel Volynsky and Yvonne Bishop will continue to serve as portfolio managers for the fund. 11/15
CWVGX Calvert International Equity Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Joshua Linder, Christopher Madden, Kurt Moeller, and Jade Huang have taking over management of the fund. 11/15
CMIFX Calvert Large Cap Core Portfolio Natalie Trunow will no longer serve as a portfolio manager for the fund. Joshua Linder, Christopher Madden, Kurt Moeller, and Jade Huang have taking over management of the fund. 11/15
CMAAX Calvert Moderate Allocation Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Joshua Linder is joined by John Nichols and Vishal Khanduja 11/15
CCVAX Calvert Small Cap Fund Natalie Trunow will no longer serve as a portfolio manager for the fund. Joshua Linder, Christopher Madden, Kurt Moeller, and Jade Huang have taking over management of the fund. 11/15
SBVAX Clearbridge Small Cap Value Fund Peter Hable, Mark Bourguignon, Mark Feasey, and Michael Kang are no longer listed as portfolio managers to the fund. Tim Daubenspeck and Juan Miguel del Gallego are now listed as portfolio managers. 11/15
DRSAX Dreman Contrarian Small Cap Value Fund E. Clifton Hoover is no longer listed as a portfolio manager on the fund. Mr. Hoover is now Dreman’s CIO. Over his career, he’s managed or helped manage 20 funds. After stepping aside here, he no longer manages any. Mark Roach, David Brenan, Mario Tufano, and Nelson Woodard will continue to manage the fund. 11/15
FBALX Fidelity Balanced Fund Peter Saperstone is no longer listed as a portfolio manager on the fund. Peter Dixon joins the rest of the team in managing the fund 11/15
FSAEX Fidelity Series All-Sector Equity Fund Peter Saperstone is no longer listed as a portfolio manager on the fund. Peter Dixon joins the rest of the team in managing the fund 11/15
GDAFX Goldman Sachs Dynamic Allocation Fund Osman Ali will no longer serve as a portfolio manager for the fund. William Fallon and James Park will continue on. 11/15
HYFIX Harbor High-Yield Bond Fund Mark Flanagan will be retiring at the end of the year. Mark Shenkman, Eric Dobbin, Justin Slatky, Steven Schweitzer and Robert Kricheff will continue to serve as co-portfolio managers for the fund. 11/15
HJPSX Hennessy Japan Small Cap Fund Hidehiro Moriya is no longer listed as a portfolio manager on the fund. Tetsuya Hirano joins Tadahiro Fujimura in managing the fund. It is, by the way, a pretty spectacular little vehicle. 11/15
HCGAX HSBC Emerging Markets Debt Fund Guillermo Ossés will no longer serve as a portfolio manager Lisa Chua, Vinayak Potti, and Nishant Updhyay will continue to manage the fund. 11/15
HBMAX HSBC Emerging Markets Local Debt Fund Guillermo Ossés will no longer serve as a portfolio manager Lisa Chua, Vinayak Potti, and Nishant Updhyay will continue to manage the fund. 11/15
HTRAX HSBC Total Return Fund Guillermo Ossés will no longer serve as a portfolio manager Lisa Chua, Vinayak Potti, and Nishant Updhyay will continue to manage the fund. 11/15
URTAX JPMorgan Realty Income Fund Kay Herr is no longer listed as a portfolio manager on the fund. Jason Ko remains as manager of the fund. 11/15
LGBAX Leader Global Bond Fund Scott Carmack is no longer listed as a portfolio manager on the fund. John Lekas continues to manage the fund. 11/15
LCAMX Leader Short-Term Bond Fund Scott Carmack is no longer listed as a portfolio manager on the fund. John Lekas continues to manage the fund. 11/15
LCATX Leader Total Return Fund Scott Carmack is no longer listed as a portfolio manager on the fund. John Lekas continues to manage the fund. 11/15
ALFAX Lord Abbett Alpha Strategy Fund No one, but . . . Giulio Martini joins Robert Gerver in managing the fund. 11/15
LDSAX Lord Abbett Diversified Equity Strategy Fund No one, but . . . Giulio Martini joins Robert Gerver in managing the fund. 11/15
LABFX Lord Abbett Multi-Asset Balanced Opportunity Fund No one, but . . . Giulio Martini joins Robert Gerver in managing the fund. 11/15
LAGEX Lord Abbett Multi-Asset Global Opportunity Fund No one, but . . . Giulio Martini joins Robert Gerver in managing the fund. 11/15
LWSAX Lord Abbett Multi-Asset Growth Fund No one, but . . . Giulio Martini joins Robert Gerver in managing the fund. 11/15
ISFAX Lord Abbett Multi-Asset Income Fund No one, but . . . Giulio Martini joins Robert Gerver in managing the fund. 11/15
MDOSX Manning & Napier Dynamic Opportunities Ajay Sadarangani is no longer listed as a portfolio manager on the fund. Michele Panzeri joins Brian Lester and Habibe Hakiqi in managing the fund 11/15
MNGSX Manning & Napier Global Fixed Income Marc Tommasi is no longer listed as a portfolio manager on the fund. Marc Bushallow and R. Keith Harwood remain on the fund 11/15
EXITX Manning & Napier International Marc Tommasi and Robert Crawford are no longer listed as portfolio managers to the fund. Jeffrey Donlon joins Scott Shatuck and Ben Rozin in managing the fund. 11/15
MEMAX MFS Emerging Markets Equity Portfolio On January 1, 2016, Massachusetts Financial Services Company will no longer subadvise the fund. Makes the “MFS” part of the name a bit antique. Aberdeen Asset Managers will be the new subadviser to the fund. 11/15
MFMPX Morgan Stanley Institutional Frontier Emerging Markets Portfolio No one, but . . . Pierre Horvilleur joins Tim Drinkall in managing the fund. 11/15
MELAX Morgan Stanley Institutional Emerging Markets Leaders Portfolio No one, but . . . Vishal Gupta has joined Ashutosh Sinha in managing the fund. 11/15
NABAX Neuberger Berman Absolute Return Multi-Manager Fund No one, but . . . Portland Hill Capital, LLP, is a new subadviser to the fund. 11/15
SNAEX Schroder North American Equity Fund Stuart Adrian is no longer listed as a portfolio manager on the fund. Ayse Serinturk joins Stephen Langford, Ben Corris, James Larkman, and Justin Abercrombie on the management team. 11/15
SMILX SMI Conservative Allocation Fund No one, however, Scout Investments, Inc. will no longer be a subadvisor to the fixed income portion of the portfolio. The Sound Mind management team remains the same. 11/15
SMIDX SMI Dynamic Allocation Fund No one, however, Scout Investments, Inc. will no longer be a subadvisor to the fixed income portion of the portfolio. The management team remains the same. 11/15
SSSDX SSgA Dynamic Small Cap Fund Marc Reinganum is no longer listed as a portfolio manager on the fund. John O’Connell joins Anna Lester in managing the fund. 11/15
SLSAX Sterling Capital Long/Short Equity Fund No one, but . . . The Board of Trustees has appointed Caerus Investors, LLC as a new subadvisor to the fund beginning in February 2016. 11/15
TWAAX Thrivent Partner Worldwide Allocation Fund No one, but . . . Paul Blankenhagen and Juliet Cohn are joining the management team. 11/15
TVLAX Touchstone Value Fund Timothy Culler is no longer listed as a portfolio manager on the fund. Jeff Fahrenbruch and David Ganucheau joined Lewis Ropp, Mark Giambrone, and James Barrow on the management team. 11/15
PSPFX U.S. Global Investors Global Resources Fund Brian Hicks will no longer serve as a portfolio manager for the fund. Ralph Aldis joins Frank Holmes in managing the fund. 11/15
MEGAX U.S. Global Investors Holmes Macro Trends Fund Brian Hicks will no longer serve as a portfolio manager for the fund. Ralph Aldis joins Frank Holmes in managing the fund. 11/15
VGENX Vanguard Energy Fund Karl Bandtel will retire from Wellington Management Company, a subadvisor, in June 2016. In preparation for Mssr. Bandtel’s retirement, Gregory LeBlanc has joined the team as a comanager for the portion of the fund managed by Weillington Management. The rest of the team remains. 11/15
VWESX Vanguard Long-Term Investment-Grade Fund Lucius Hill will retire from Wellington Management Company, a subadvisor, in June 2016. The rest of the team will remain. 11/15
VPDSX Vantagepoint Discovery Fund No one, but . . . Daniel Fitzpatrick joined the team of James Wong, Jamie Rome, and Brian Matthews in managing the fund. 11/15
VPEIX Vantagepoint Equity Income Fund Brian Rogers is no longer listed as a portfolio manager on the fund. John Linehan joins Dwayn Hancock, Karen Grimes, Michael Feehily, O. Mason Hawkins, and G. Staley Cates in managing the fund 11/15
VSAIX Virtus Alternative Inflation Solution Fund John Brynjolfsson will no longer serve as a portfolio manager for the fund and Armoured Wolf, LLC is no longer a subadvisor to the fund. Fischer, Francis, Trees & Watts, Inc. has been added as a subadvisor to the fund with Adnan Akant and Cedric Sholtes managing that portion of the portfolio. The rest of the team remains unchanged. 11/15
VATAX Virtus Alternative Total Solution Fund John Brynjolfsson will no longer serve as a portfolio manager for the fund and Armoured Wolf, LLC is no longer a subadvisor to the fund. Fischer, Francis, Trees & Watts, Inc. has been added as a subadvisor to the fund with Adnan Akant and Cedric Sholtes managing that portion of the portfolio. The rest of the team remains unchanged. 11/15
WBLFX Whitebox Market Neutral Equity Fund Jason Cross will be retiring, effective December 15, 2015. Paul Karos and Andrew Redleaf will continue to manage the fund. 11/15
WBINX Whitebox Tactical Advantage Fund Jason Cross will be retiring, effective December 15, 2015. Paul Karos will join the management team of Paul Twitchell, Robert Vogel, and Andrew Redleaf, immediately. 11/15
WBMAX Whitebox Tactical Opportunities Fund Jason Cross will be retiring, effective December 15, 2015. Paul Karos will join the management team of Paul Twitchell, Robert Vogel, and Andrew Redleaf, immediately. 11/15

 

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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.