March 2017 IssueLong scroll reading

Manager changes, February 2017

By Chip

It’s a quiet month on the manager change front. While nominally there’s a greater deal of management turnover in a given year, practically most of it is insignificant because the 27th member of a team leaves and is replaced by an equally adept newbie. This is one of those months. We’ve identified 35 manager changes this month, few involving the installation of an entire new team and only two or three affecting “household names.”

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
ATHAX American Century  Heritage As of March 1, 2017, David Hollond will no longer be listed as a manager for the fund. Nalin Yogasundram will join Greg Walsh in managing the fund. 2/17
ACAQX American Century All Cap Growth As of March 1, 2017, David Hollond will no longer be listed as a manager for the fund. Michael Orndorff and Marcus Scott will continue to manage the fund. 2/17
BBHLX BBH International Equity Fund Nigel Bliss and Andrew Porter are no longer listed as portfolio managers for the fund. Jonathan Allen, Chad Clark, Loren Lewallen, Matthew Pickering and Brian Vollmer will now manage the fund. 2/17
BACAX BlackRock All-Cap Energy & Resources Portfolio Poppy Allonby is no longer listed as a portfolio manager for the fund. Alastair Bishop will continue to manage the fund. 2/17
SSGRX BlackRock Energy & Resources Portfolio Poppy Allonby is no longer listed as a portfolio manager for the fund. Alastair Bishop will continue to manage the fund. 2/17
CADVX Calamos Dividend Growth Fund David Kalis will no longer serve as a portfolio manager for the fund. John Calamos, John Hillenbrand and Jon Vacko will continue to manage the fund. 2/17
CAGEX Calamos Global Equity Fund David Kalis will no longer serve as a portfolio manager for the fund. John Calamos, John Hillenbrand, Nick Niziolek, Eli Pars, Jon Vacko and Dennis Cogan will continue to manage the fund. 2/17
CVLOX Calamos Global Growth and Income David Kalis will no longer serve as a portfolio manager for the fund. John Calamos, R. Matthew Freund, John Hillenbrand, Nick Niziolek, Eli Pars, Jon Vacko, Dennis Cogan and Joe Wysocki will continue to manage the fund. 2/17
CVTRX Calamos Growth and Income Fund David Kalis will no longer serve as a portfolio manager for the fund. John Calamos, R. Matthew Freund, John Hillenbrand, Eli Pars, Jon Vacko and Joe Wysocki will continue to manage the fund. 2/17
CVGRX Calamos Growth Fund Michael Roesler and David Kalis are no longer listed as portfolio managers for the fund. Michael Grant joins John Hillenbrand, Jon Vacko and John Calamos in managing the fund. 2/17
CMSFX Cavalier Multi Strategist Fund Parasol Investment Management will no longer subadvise the fund. Cavalier Investment LLC will directly manage the portfolio sleeve previously allocated to Parasol. The rest of the team remains. 2/17
FJACX Fidelity Series Small Cap Discovery Fund No one, yet, but Charles Myers will no longer serve as a portfolio manager, effective December 31, 2017 Derek Janssen will continue to manage the fund. 2/17
FCARX Fiera Capital Diversified Alternatives Fund Charles Korchinski is no longer listed as a portfolio manager for the fund. Geoffrey Doyle, Mark Jurish, Rasheed Sabar, Kazuhiro Shimbo, Rajiv Sobti and Alexandre Voitenok continue to manage the fund 2/17
FCIVX Frontier MFG Core Infrastructure Fund Dennis Eagar stepped down from his portfolio management responsibilities. Ben McVicar joins Gerald Stack as a portfolio manager of the fund. 2/17
HSCSX Homestead Small Company Stock Fund Gregory Halter is no longer listed as a portfolio manager for the fund. Mark Ashton and Prabha Carpenter will continue to manage the fund. 2/17
HOVLX Homestead Value Fund Gregory Halter is no longer listed as a portfolio manager for the fund. Mark Ashton and Prabha Carpenter will continue to manage the fund. 2/17
GTNDX Invesco Global Low Volatility Equity Yield Fund Andrew Waisburd will no longer serve as a portfolio manager for the fund. Donna Chapman Wilson, Michael Abata, Charles Ko,  Nils Huter, Jenz Langewand and Uwe Draeger continue to manage the fund. 2/17
JDEAX JPMorgan Disciplined Equity Fund Aryeh Glatter is no longer listed as a portfolio manager for the fund. Raffaele Zingone, Steven Lee and Tim Snyder will continue to manage the fund. 2/17
LCAOX Lazard Capital Allocator Opportunistic Strategies Portfolio David Cleary and Christopher Komosa are no longer listed as portfolio managers for the fund. Jai Jacob, Stephen Marra, Tom McManus and Kim Tilley will now manage the fund. 2/17
GOBAX Legg Mason BW Global Opportunities Bond Fund No one, but . . . Anujeet Sareen joins David Hoffman, Stephen Smith and John McIntyre on the management team. 2/17
MMYAX MassMutual Select Small Company Value Fund Andrew Waisburd will no longer serve as a portfolio manager for the fund. Donna Chapman Wilson and Michael Abata join Stephen Gutch, J. David Wagner, Charles Ko, Glen Murphy and Martin Jarzebowski on the management team. 2/17
MSIBX Morgan Stanley Institutional Fund (MSIF) Active International Allocation Portfolio No one yet, but effective June 30, 2017, Ann Thivierge will depart as a portfolio manager. Ben Rozin, Munib Madni and Jitania Kandhari join the management team. 2/17
NWHVX Nationwide Geneva Mid Cap Growth Fund Michelle Picard will no longer serve as a portfolio manager for the fund. Amy Croen, William A. Priebe and William Scott Priebe will continue to manage the fund. 2/17
NWHZX Nationwide Geneva Small Cap Growth Fund Michelle Picard will no longer serve as a portfolio manager for the fund. Amy Croen, William A. Priebe and William Scott Priebe will continue to manage the fund. 2/17
WAYEX Navian Waycross Long/Short Equity Fund No one, but . . . Benjamin Thomas is joined by John Ferreby in managing the fund. 2/17
NGDAX Neuberger Berman Guardian Fund No one, but . . . Marc Regenbaum joins Charles Kantor (“a regular commentator on CNBC” we’re assured) in managing the fund. 2/17
NTHFX Northeast Investors Growth Fund William Oates, Jr. is now deceased, and thus will no longer serve as a portfolio manager of the fund. John Francini and Nancy Milligan will continue to manage the fund. 2/17
OPPAX Oppenheimer Global Fund No one, but . . . Rajeev Bhaman is joined by John Delano in managing the fund. 2/17
OSTIX Osterweis Strategic Income Fund No one yet, but effective May 15, 2017, Simon Lee will be retiring from Osterweis. Craig Manchuck joins Bradley Kane and Carl Kaufman on the management team. 2/17
OSTVX Osterweis Strategic Investment Fund No one yet, but effective May 15, 2017, Simon Lee will be retiring from Osterweis. Craig Manchuck joins Bradley Kane and Carl Kaufman on the management team. 2/17
PDVAX PIMCO Diversified Income Fund No one, but . . . Sonali Pier joins Eve Tournier, Daniel Ivascyn and Alfred Murata on the management team. 2/17
REQAX Russell U.S. Defensive Equity Fund Richard Johnson and David Hintz are no longer listed as portfolio managers for the fund. James Barber and Megan Roach will now manage the fund. 2/17
SILCX State Street Institutional U.S. Large-Cap Core Equity Fund Paul Reinhardt and Stephen Gelhaus are no longer listed as portfolio managers for the fund. David Carlson and Chris Sierakowski are now running the fund. 2/17
VWINX Vanguard Wellesley Income Fund No one, but . . . Michael Stack and Loren Moran join John Keogh and W. Michael Reckmeyer in managing the fund. 2/17
This entry was posted in Manager changes on by .

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.