Manager changes, February 2016

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
APJAX Aberdeen Asia-Pacific (ex-Japan) Equity Fund Chou Chong will no longer serve as a portfolio manager for the fund. Hugh Young, Flavia Cheong, Adrian Lim, and Christopher Wong will continue to manage the fund. 2/16
APCAX Aberdeen Asia-Pacific Smaller Companies Fund Chou Chong will no longer serve as a portfolio manager for the fund. Hugh Young, Flavia Cheong, Adrian Lim, and Christopher Wong will continue to manage the fund. 2/16
BHGSX Baird LargeCap Fund Baird Kailash Group will no longer subadvise the fund. L2 Asset Management will be the new subadvisor to the fund. Sanjeev Bhojraj will join Matthew Malgari in managing the fund. 2/16
BAEMX BMO LGM Emerging Markets Equity Fund No one, but … Irina Hunter and Rasmus Nemmoe are joined by Rishikesh Patel in managing the fund. 2/16
ASVAX Columbia Multi-Advisor Small Cap Value Fund Mark Dickherber and Shaun Nicholson are no longer listed as portfolio managers for the fund. Kari Montanus and Richard Rosen will manage the fund. 2/16
AAIFX Crow Point Alternative Income Fund, formerly Armor Alternative Income Fund Joel Price (which is to say, “Armor”) is gone. Peter DeCaprio, Andrew Tuttle, Charles Chen, Amit Chandra, and Ian Arvin are now managing the fund. 2/16
TOLLX Deutsche Global Infrastructure Fund John Robertson is no longer listed as a portfolio manager for the fund. John Vojticek, Francis Greywitt, and Manoj Patel continue to manage the fund. 2/16
DSLAX Deutsche Strategic Equity Long/Short Fund Omega Advisors will no longer subadvise the fund, effective April 15, 2016 The other three subadvisors, Atlantic Investment Management, Chilton Investment Management, and Lazard Asset Management, remain. 2/16
FIDSX Fidelity Select Financials Sector Christopher Lee is no longer listed as a portfolio manager for the fund. Daniel Dittler will continue to manage the fund. 2/16
FSHCX Fidelity Select Health Care Services Portfolio Steven Bullock is no longer listed as a portfolio manager for the fund. Justin Segalini and Edward Yoon are managing the fund. 2/16
FLSRX Forward Credit Analysis Long Short Joseph Deane is expected to retire at the end of May, 2016 David Hammer will soldier on alone 2/16
PGEOX George Putnam Balanced Fund Kevin Murphy is no longer listed as a portfolio manager for the fund. Aaron Cooper is joined by Paul Scanlon. 2/16
GHAFX Granite Harbor Alternative Fund Chilton Capital Management, Coe Capital Management, Phineas Partners, and Tiburon Capital Management are all out as subadvisors to the fund Genesis Capital will continue to advise the fund and SeaBridge Investment Advisor remains listed as a subadvisor to the fund. 2/16
GHTFX Granite Harbor Tactical Fund Chilton Capital Management, Coe Capital Management, Phineas Partners, and Tiburon Capital Management are all out as subadvisors to the fund Genesis Capital will continue to advise the fund and SeaBridge Investment Advisor remains listed as a subadvisor to the fund. 2/16
HRTVX Heartland Value Fund Adam Peck has resigned from his role as portfolio manager. Eric Miller has been promoted to co-manager and will manage the fund with current co-manager, William Nasgovitz. 2/16
CAAMX Invesco Conservative Allocation Fund Scott Wolle, Christian Ulrich, Scott Hixon, Chris Devine, and Mark Ahnrud are no longer listed as portfolio managers for the fund. Jacob Borbidge and Duy Nguyen are managing the fund. 2/16
AADAX Invesco Growth Allocation Fund Scott Wolle, Christian Ulrich, Scott Hixon, Chris Devine, and Mark Ahnrud are no longer listed as portfolio managers for the fund. Jacob Borbidge and Duy Nguyen are managing the fund. 2/16
AMKAX Invesco Moderate Allocation Fund Scott Wolle, Christian Ulrich, Scott Hixon, Chris Devine, and Mark Ahnrud are no longer listed as portfolio managers for the fund. Jacob Borbidge and Duy Nguyen are managing the fund. 2/16
JEITX JPMorgan Global Research Enhanced Index Fund No one, but … Piera Elisa Grassi has joined Ido Eisenberg and James Cook in managing the fund. 2/16
OEIAX JPMorgan International Research Enhanced Equity Fund No one, but … Piera Elisa Grassi has joined Demetris Georghiou, Ido Eisenberg and James Cook on the management team. 2/16
MIEIX MFS Institutional International Equity Marcus Smith will be leaving on April 1, 2016 Filipe Benzinho is joining Daniel Ling to manage the fund. 2/16
MALGX Mirae Asset Emerging Markets Fund No one, but … Bert van der Walt is joining Jose Morales and Rahul Chadha in managing the fund 2/16
MCCGX Mirae Asset Emerging Markets Great Consumer Fund No one, but … Bert van der Walt is joining Jose Morales and Joohee An in managing the fund 2/16
MGUAX Mirae Asset Global Great Consumer Fund No one, but … Ryan Coyle will join Jose Morales in managing the fund. 2/16
NBGNX Neuberger Berman Genesis Fund No one, quite yet. However, Michael Bowyer has announced his decision to retire from the asset management business on July 31, 2016. The rest of the team — Judith Vale, Robert D’Alelio, Brett Reiner, and Gregory Spiegel — will remain as managers of the fund. 2/16
PCOAX Putnam Capital Opportunities Fund Randy Farina and John McLanahan are no longer listed as portfolio managers for the fund. Pam Gao will manage the fund. 2/16
PNVAX Putnam International Capital Opportunities Fund John McLanahan is no longer listed as a portfolio manager for the fund. Brett Risser and Robert Schoen will manage the fund. 2/16
PVOYX Putnam Voyager Fund Nick Thakore is no longer listed as a portfolio manager for the fund. He produced his peer group’s most volatile and worst-performing fund, and managed to last eight years on the job. Robert Brookby , whose other funds are admirably mediocre, will now manage the fund. 2/16
RWDNX Redwood Managed Volatility Portfolio Bruce DeLaurentis is no longer a portfolio manager of the fund. Michael Cheung has been promoted to serve as a portfolio manager with Michael Messinger. 2/16
SEAKX Steward Select Bond Fund No one, but Edward Jaroski is beginning to plan for his retirement. Upon Mr. Jaroski’s retirement, the fund will continue to be managed by Victoria Fernandez and Claude Cody. 2/16
FSAMX Strategic Advisers Emerging Markets Fund No one, but … John Chow and Cesar Hernandez are joining Wilfred Chilangwa, John Chisholm, Matthew Vaight, and Edward Robertson on the management team. 2/16
FSGFX Strategic Advisers Growth Fund Vincent Zelenko is no longer listed as a portfolio manager for the fund. Niall Devitt joins the extensive management team. 2/16
PRHSX T. Rowe Price Health Sciences Taymour Tamaddon, an unsung superstar, will be stepping down as portfolio manager of the fund on July 1, 2016. Ziad Bakri will join Mr. Tamaddon as co-manager and will become sole portfolio manager in July. 2/16
TEMAX Touchstone Emerging Markets Equity Fund AGF Investments is no longer subadvising the fund. Stephen Way is no longer listed as a portfolio manager. Russell Investments has been named as an interim advisor, with Wayne Hollister managing the fund. 2/16
TGAAX Touchstone Global Real Estate Douglas Funke, Daniel Pine and Jana Sehnalova are no longer listed as portfolio managers for the fund. Russell Investments has been named as an interim advisor, with Wayne Hollister managing the fund. 2/16
VPTSX Vantagepoint Inflation Focused Fund Rajen Jadav no longer serves as a portfolio manager. Mihir Worah, Martin Hegarty, Gargi Chaudhuri, and Greg Wilensky will continue to manage the fund. 2/16
WHVIX WHV International Equity Fund Richard Hirayama is no longer listed as a portfolio manager for the fund. Matthias Knerr, Chris LaJaunie, and Andrew Manton will now manage the fund. 2/16
YAFFX Yacktman Focus Founder Donald Yacktman is retiring from management on May 1, though he’ll remain as an advisor. Stephen Yacktman and Jason Subotky will continue to manage the fund. 2/16
YACKX Yacktman Fund Founder Donald Yacktman is retiring from management on May 1, though he’ll remain as an advisor. That’s kind of a “yikes.” Stephen Yacktman and Jason Subotky will continue to manage the fund. 2/16
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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.