Manager changes, March 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
ADVMX Advisory Research Emerging Markets Opportunities Fund Jonathan Brodsky no longer serves as portfolio manager of the funds. Drew Edwards and Marco  Priani will continue to manage the fund. 3/16
ADVWX Advisory Research Global Value Fund Jonathan Brodsky no longer serves as portfolio manager of the funds. Drew Edwards, Marco Priani, Matthew Swaim, James Langer and Bruce Zessar will continue as portfolio managers 3/16
ADVEX Advisory Research International All Cap Value Fund Jonathan Brodsky no longer serves as portfolio manager of the funds. Drew Edwards and Marco  Priani will continue to manage the fund. 3/16
ADVIX Advisory Research International Small Cap Value Fund Jonathan Brodsky no longer serves as portfolio manager of the funds. Drew Edwards and Marco  Priani will continue to manage the fund. 3/16
PGWAX AllianzGI Focused Growth Fund David Jedlicka will no longer serve as a portfolio manager for the fund. Scott Migliori, Karen Hiatt, and Raphael Edelman will manage the fund until Mssr. Migliori’s departure at the end of June. 3/16
ELSAX Altegris Equity Long Short Fund Robert Murphy and Richard Schimel have been removed as portfolio managers Edgardo Goldaracena has been added as a portfolio manager, joining Eric Bundonis, Don Destino, Kelly Wiesbrock, Robert Kim, Richard Chilton, and Emmanuel Ferreira 3/16
FXDAX Altegris Fixed Income Long Short Fund Robert Murphy has been removed as a portfolio manager of the fund. Antolin Garza has been added as portfolio manager, joining Eric Bundonis, Kevin Schweitzer, Amin Majidi, Anilesh “Neil” Ahuja, David Steinberg and Peter Reed 3/16
EVOAX Altegris Futures Evolution Strategy Fund Robert Murphy has been removed as a portfolio manager of the fund. Lara Magnusen has been added as portfolio manager, joining Matthew Osborn, Eric Bundonis, and Jeffrey Gundlach 3/16
MCRAX Altegris Macro Strategy Fund Robert Murphy has been removed as a portfolio manager of the fund. Eric Bundonis, Matthew Osborne, and John Tobin will continue to manage the fund. 3/16
MULAX Altegris Multi-Strategy Alternative Fund Robert Murphy is out Edgardo Goldaracena and Antolin Garza have joined Lara Magnusen in running the fund 3/16
RAAAX Altegris/AACA Real Estate Long Short Fund Eric Bundonis has been removed as portfolio manager Burland East is now the sole portfolio manager 3/16
Various American Century Balanced Fund, Core Equity Plus Fund,  Disciplined Growth Fund, Disciplined Growth Plus Fund, Equity Growth Fund, Global Gold Fund, NT Core Equity Plus Fund, NT Disciplined Growth Fund, NT Equity Growth Fund, Strategic Inflation Opportunities Fund,  and Utilities Fund William Martin, Senior Vice President and Senior Portfolio Manager, has announced his plans to retire from American Century Investments. As a result, he will no longer serve as a portfolio manager of the funds as of May 18, 2016. The rest of the management teams remain. 3/16
BXIAX Babson Global Credit Income Opportunities Fund Zak Summerscale and Kam Tugnait are no longer listed as portfolio managers for the fund. Martin Horne joins Michael Freno, Sean Feeley, and Scott Roth in managing the fund. 3/16
BXGAX Babson Global High Yield Fund Zak Summerscale is no longer listed as a portfolio manager for the fund. Martin Horne joins Michael Freno, Sean Feeley, and Scott Roth in managing the fund. 3/16
BACPX BlackRock 20/80 Target Allocation Fund Russ Koesterich is no longer listed as a portfolio manager for the fund. Michael Gates and Vishal Karir are the portfolio managers of the fund. 3/16
BAMPX BlackRock 40/60 Target Allocation Fund Russ Koesterich is no longer listed as a portfolio manager for the fund. Michael Gates and Vishal Karir are the portfolio managers of the fund. 3/16
BAGPX BlackRock 60/40 Target Allocation Fund Russ Koesterich is no longer listed as a portfolio manager for the fund. Michael Gates and Vishal Karir are the portfolio managers of the fund. 3/16
BAAPX BlackRock 80/20 Target Allocation Fund Russ Koesterich is no longer listed as a portfolio manager for the fund. Michael Gates and Vishal Karir are the portfolio managers of the fund. 3/16
BQMIX Bright Rock Mid Cap Growth Fund Jason Lilly has resigned from Bright Rock Capital Management Douglas Butler and David Smith continue to serve as portfolio managers of the fund 3/16
BQLIX Bright Rock Quality Large Cap Fund Jason Lilly has resigned from Bright Rock Capital Management Douglas Butler and David Smith continue to serve as portfolio managers of the fund 3/16
BIAVX Brown Advisory Value Equity Fund Richard Bernstein is no longer managing the fund, but has not left the company. Colleagues have staked out the breakroom in hopes of recapturing him. Doron Eisenberg and Michael Foss will stay with the fund. 3/16
CHYDX Calamos High Income Fund Christopher Langs is no longer listed as a portfolio manager for the fund. Chuck Carmody joins John Calamos, Sr., John Hillenbrand, Eli Pars, Jon Vacko, and Jeremy Hughes. 3/16
CTRAX Calamos Total Return Bond Fund Christopher Langs is no longer listed as a portfolio manager for the fund. Chuck Carmody joins John Calamos, Sr., John Hillenbrand, Eli Pars, Jon Vacko, and Jeremy Hughes. 3/16
CIOAX Calvert International Opportunities Fund Jonathan Brodsky and Pablow Salas are no longer listed as portfolio managers for the fund. William Sterling, David Runkle, Jessica Reuss, Marco Priani, Gregory Gigliotti, and Drew Edwards remain. 3/16
NLGIX Columbia Global Strategic Equity Fund Robert McConnaughey is no longer listed as a portfolio manager for the fund. Melda Mergen joins Mark Burgess in managing the fund. 3/16
MIDVX Deutsche Mid Cap Value Fund   Richard Glass in no longer listed as a portfolio manager Team members, Matthew Cino, Richard Hanlon, and Mary Schafer, move of to co-manager roles.  3/16
KDSAX Deutsche Small Cap Value Fund Richard Glass in no longer listed as a portfolio manager Team members, Matthew Cino, Richard Hanlon, and Mary Schafer, move of to co-manager roles. 3/16
FKCGX Franklin Flex Cap Growth Fund, which will be merged into Franklin Growth at the end of August. Conrad Herrmann is no longer listed as a portfolio manager for the fund. Matthew Moberg and Robert Stevenson continue on. 3/16
FKGRX Franklin Growth Fund Conrad Herrmann is no longer listed as a portfolio manager for the fund. Matthew Moberg and Robert Stevenson join Serena Perin Vinton in managing the fund. 3/16
GNLRX Geneva Advisors Emerging Markets Fund No one, but … Matthew Scherer has joined Reiner Triltsch and Eswar Menon. 3/16
GHAFX Granite Harbor Alternative Fund Matthew Werner and Bruce Garrison are no longer listed as portfolio managers for the fund. Peter DeCaprio, Andrew Tuttle, Charles Chen, Amit Chandra, and Ian Arvin have joined Charles Borquist, Peter Lupoff, Ronald Robertson, and Michael Dubinsky. 3/16
GHTFX Granite Harbor Tactical Fund Matthew Werner and Bruce Garrison are no longer listed as portfolio managers for the fund. Peter DeCaprio, Andrew Tuttle, Charles Chen, Amit Chandra, and Ian Arvin have joined Charles Borquist, Peter Lupoff, Ronald Robertson, and Michael Dubinsky. 3/16
HABMX Hartford Real Total Return Fund Rick Wurster no longer serves as a portfolio manager Stephen Gorman will continue to serve as a portfolio manager 3/16
AUBAX Invesco International Total Return Fund Mark Nash is no longer listed as a portfolio manager for the fund. Avi Hooper, Raymund Uy, and Robert Waldner remain on the fund. 3/16
OGIAX JPMorgan Investor Balanced Fund James Sexton will be retiring from J.P. Morgan Investment Management Inc. on May 31, 2016. The rest of the team, Ove Fladbert, Michael Loeffler, Nicholas D’Eramo, and Pete Klingelhofer, will remain. 3/16
OICAX JPMorgan Investor Conservative Growth Fund James Sexton will be retiring from J.P. Morgan Investment Management Inc. on May 31, 2016. The rest of the team, Ove Fladbert, Michael Loeffler, Nicholas D’Eramo, and Pete Klingelhofer, will remain. 3/16
ONGIX JPMorgan Investor Growth & Income Fund James Sexton will be retiring from J.P. Morgan Investment Management Inc. on May 31, 2016. The rest of the team, Ove Fladbert, Michael Loeffler, Nicholas D’Eramo, and Pete Klingelhofer, will remain. 3/16
ONGAX JPMorgan Investor Growth Fund James Sexton will be retiring from J.P. Morgan Investment Management Inc. on May 31, 2016. The rest of the team, Ove Fladbert, Michael Loeffler, Nicholas D’Eramo, and Pete Klingelhofer, will remain. 3/16
GMNRX LMCG Global Market Neutral Fund Vikram Srimurthy is no longer a portfolio manager of the fund. Shannon Ericson and Gordon Johnson remain. 3/16
LSCAX Loomis Sayles Dividend Income Fund Matthew Eagan, Daniel Fuss and Elaine Stokes no longer serve as co-portfolio managers of the fund. Arthur Barry and Adam Liebhoff remain as co-portfolio managers of the fund. 3/16
LCDAX Lord Abbett Emerging Markets Corporate Debt Fund Jerald Lanzotti is no longer listed as a portfolio manager for the fund. Andrew O’Brien, Leah Traub, and Robert Lee will continue to manage the fund. 3/16
LEMAX Lord Abbett Emerging Markets Local Bond Fund Jerald Lanzotti is no longer listed as a portfolio manager for the fund. David Ritt, Leah Traub, and Robert Lee will continue to manage the fund. 3/16
LICAX Lord Abbett International Core Equity Fund Todd Jacobson and Vincent McBride are no longer listed as portfolio managers for the fund. Didier Rosenfeld and Frederick Ruvkun will now manage the fund. 3/16
FAIIX Nuveen Core Bond No one, but… Jason O’Brien will join Chris Neuharth, Wan-Chong Kung, and Jeffrey Ebert on the management team 3/16
FAFIX Nuveen Core Plus Bond Fund No one, but … Douglas Baker joins Timothy  Palmer, Chris Neuharth, Wan-Chong Kung and Jeffrey Ebert on the management team. 3/16
FALTX Nuveen Short Term Bond Fund No one, but … Jason O’Brien and Mackenzie Meyer will join Chris Neuharth and Peter Agrimson on the management team. 3/16
FCDDX Nuveen Strategic Income Fund No one, but … Douglas Baker joins Timothy  Palmer, Jeffrey Ebert and Marie Newcome on the management team. 3/16
OASGX Optimum Small-Mid Cap Growth Fund No one, yet. Columbus Circle Investors and Peregrine Capital Management have been added as subadvisors to the fund. 3/16
PASEX Permal Alternative Select Fund No one, but … Elecron Capital Partners has been added as a fifth subadvisor to the fund. 3/16
AOBLX Pioneer Classic Balanced Fund Richard Schlanger is no longer listed as a portfolio manager for the fund. Walter Hunnewell, Jr. is joined by Charles Melchreit and Brad Komenda on the management team. 3/16
Various PNC Balanced Allocation Fund, PNC Retirement Income Fund, PNC Target 2020 Fund, PNC Target 2030 Fund, PNC Target 2040 Fund and PNC Target 2050 Fund. No one, but … Jason Weber and Michael Colemen will be joining the management team. 3/16
SGMNX Schroder Global Multi-Asset Income Fund Iain Cunningham is no longer listed as a portfolio manager for the fund. Aymeric Forest will continue to manage the fund. 3/16
SEQUX Sequoia Long-time manager Robert Goldfarb, whose name is above the door: Ruane, Cunniff and Goldfarb, steps down at 71. David Poppe becomes the sole manager. 3/16
SSELX State Street Disciplined Emerging Markets Equity Fund Jean-Christophe de Beaulieu is no longer listed as a portfolio manager for the fund. Chee Ooi joins Chris Laine to manage the fund. 3/16
FSCFX Strategic Advisers Small-Mid Cap Fund No one, but … J.P. Morgan Investment Management has been added as a subadvisor to the fund. Don San Jose joins the extensive management team to manage JPMorgan’s portion of the fund’s assets. 3/16
Various USAA First Start Growth Fund, USAA Cornerstone Conservative Fund, USAA Cornerstone Moderately Conservative Fund, USAA Cornerstone Moderate Fund, USAA Cornerstone Moderately Aggressive Fund, USAA Cornerstone Aggressive Fund, USAA Cornerstone Equity Fund, USAA Managed Allocation Fund No one, but … Lance Humphry joins the management team of each of the funds. 3/16
HEMZX Virtus Emerging Markets Opportunities Fund Rajiv Jain is no longer a portfolio manager for the fund Matthew Benkendorf, Vontobel’s CIO, will manage the fund 3/16
JVIAX Virtus Foreign Opportunities Fund Rajiv Jain is no longer a portfolio manager for the fund Matthew Benkendorf, Vontobel’s CIO, will manage the fund 3/16
NWWOX Virtus Global Opportunities Fund Rajiv Jain is no longer a portfolio manager for the fund Matthew Benkendorf, Vontobel’s CIO, will manage the fund 3/16
VGEAX Virtus Greater European Opportunities Fund Rajiv Jain is no longer a portfolio manager for the fund Daniel Kranson will become the sole portfolio manager 3/16
WMLIX Wilmington Large Cap Strategy Fund Mark Schultz will no longer serve as a portfolio manager for the fund. Matthew Glaser will join Andrew Hopkins and Karen Purzitsky in managing the fund 3/16

 

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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.