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. Continue reading →
Manager changes, June 2016
By Chip
Category Archives: Manager changes
Manager changes, May 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 |
| ARDWX | Aberdeen Multi-Manager Alternative Strategies Fund II | Santa Fe Partners LLC no longer serves as a sub-adviser to the fund, and Henry Davis is no longer listed as a portfolio manager for the fund. | Ian McDonald, Averell Mortimer, Darren Wolf, Russell Barlow, Vicky Hudson, Peter Wasko and Kevin Lyons remain on the management team | 5/16 |
| ASTYX | AllianzGI Best Styles International Equity | No one, but … | Erik Mulder joined Michael Heldmann and Karsten Niemann in managing the fund. | 5/16 |
| AZDAX | AllianzGI Global Fundamental Strategy Fund | Andreas Utermann is no longer listed as a portfolio manager for the fund. | Neil Dwane joins the management team of Armin Kayser, Karl Happe, Eric Boess, and Steven Berexa. | 5/16 |
| BGEIX | American Century Global Gold Fund | William Martin and Lynette Pang are no longer listed as portfolio managers for the fund. | Yulin Long and Elizabeth Xie are now managing the fund. | 5/16 |
| BDMAX | BlackRock Global Long/Short Equity Fund | Paul Ebner is no longer listed as a portfolio manager for the fund. | Richard Mathieson joins Raffaele Savi and Kevin Franklin in managing the fund. | 5/16 |
| BMSAX | BlackRock Secured Credit Portfolio | Carly Wilson and C. Adrian Marshall are gone. | Mitchell Garfin remains and is joined by James Keenan, Jeff Cucunato, Jose Aguilar and Artur Piasecki. | 5/16 |
| BIALX | Brown Advisory Global Leaders Fund | No one, but … | Bertie Thomson joins Michael Dillon in managing the fund. | 5/16 |
| CSIBX | Calvert Bond Portfolio | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team. | 5/16 |
| CGAFX | Calvert Green Bond Fund | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team. | 5/16 |
| CYBAX | Calvert High Yield Bond Fund | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team and will be joined by Patrick Faul. | 5/16 |
| CFICX | Calvert Income Fund | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team. | 5/16 |
| CLDAX | Calvert Long-Term Income Fund | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team. | 5/16 |
| CSDAX | Calvert Short Duration Income Fund | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team. | 5/16 |
| CULAX | Calvert Ultra-Short Income Fund | Matthew Duch will no longer serve as a portfolio manager for the fund. | Vishal Khanduja and Brian Ellis will remain on the portfolio management team. | 5/16 |
| SDUAX | Deutsche Ultra Short Duration Bond Fund, soon to be the Deutsche Fixed Income Opportunities Fund | As of August 31, Eric Meyer will no longer serve as a portfolio manager for the fund. | John Ryan is joined by Roger Douglas and Rahmila Nadi in managing the fund. | 5/16 |
| DGANX | Dreyfus Global Infrastructure Fund | Joshua Kohn is no longer listed as a portfolio manager for the fund. | Maneesh Chhabria is joined by Theodore Brooks on the management team. | 5/16 |
| ETMGX | Eaton Vance Tax-Managed Small-Cap Fund | Nancy Took, lead portfolio manager, announced her intention to retire at the end of October, 2016. | Michael McLean and J. Griffith Noble will continue with the fund. | 5/16 |
| GSBFX | Goldman Sachs Income Builder Fund | Effective immediately, Lale Topcuoglu no longer serves as a portfolio manager for the fund. | Daniel Lochner, Charles Dane, Colin Bell, Ronald Arons, Andrew Braun and David Beers will continue to manage the fund. | 5/16 |
| HBIAX | HSBC Global High Income Bond Fund | Lisa Chua is no longer listed as a portfolio manager for the fund. | Nishant Upadhyay joins Rick Liu and Jerry Samet in managing the fund. | 5/16 |
| HBYAX | HSBC Global High Yield Bond Fund | Lisa Chua is no longer listed as a portfolio manager for the fund. | Nishant Upadhyay joins Rick Liu and Mary Gottshall Bowers in managing the fund. | 5/16 |
| WASAX | Ivy Asset Strategy Fund | Mike Avery will no longer manage the fund, effective June 30, 2016. | F. Chace Brundige and Cynthia Prince-Fox will continue to co-manager the fund. | 5/16 |
| IVTAX | Ivy Managed International Opportunities Fund | Mike Avery will no longer manage the fund, effective June 30, 2016. | At that time, F. Chace Brundige and Cynthia Prince-Fox will become co-managers of the fund. | 5/16 |
| JMMAX | JPMorgan Multi-Manager Alternatives Fund | No one, but … | P/E Global LLC has been added as an eleventh subadvisor to the fund. | 5/16 |
| SCGLX | Scout Global Equity Fund | James Moffett and founding manager James Reed are no longer listed as portfolio managers for the fund. | Charles John is joined by John Indellicate and Derek Smashey. Somehow the combination of “indelicate” and “smashy” seems like fodder for a bunch of in-jokes. | 5/16 |
| UMBWX | Scout International Fund | Michael P. Fogarty no longer serves as a portfolio manager of the fund. | Michael Stack and Angel Luperico will continue to manage the fund. | 5/16 |
| SEQUX | Sequoia Fund | No one, but … | John Harris, Arman Gokgol-Kline, Trevor Magyar, and David Sheridan join David Poppe as co-managers. | 5/16 |
| TVOAX | Touchstone Small Cap Value Fund | DePrince Race & Zollo, Inc. will no longer subadvise the fund. Gregory Ramsby and Randy Renfrow will no longer serve as portfolio managers for the fund. | Russell Implementation Services will subadvise the fund, with Wayne Holister as portfolio manager, until June 30, 2016. After June 30, LMCG Investments will become the subadvisor to the fund. | 5/16 |
| USIFX | USAA International Fund | No one, but … | Filipe Benzinho is joining Susanne Willumsen, James Shakin, Craig Scholl, Paul Moghtader, Ciprian Marin, Taras Ivanenko, Andrew Corry, Daniel Ling and Marcus Smith to manage the fund. | 5/16 |
| HEMZX | Virtus Emerging Markets Opportunities Fund | No one, but … | Brian Bandsma and Jin Zhang join Matthew Benkendorf in managing the fund | 5/16 |
| JVIAX | Virtus Foreign Opportunities Fund | No one, but … | Daniel Kranson and David Souccar will join Matthew Benkendorf in managing the fund | 5/16 |
| NWWOX | Virtus Global Opportunities Fund | No one, but … | Ramiz Chelat will join Matthew Benkendorf in managing the fund | 5/16 |
| UNASX | Waddell & Reed Advisors Asset Strategy Fund | Mike Avery will no longer manage the fund, effective June 30, 2016. | F. Chace Brundige and Cynthia Prince-Fox will continue to co-manager the fund. | 5/16 |
Manager changes, April 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 |
| ARDWX | Aberdeen Multi-Manager Alternative Strategies Fund II | Henry Davis no longer serves as a portfolio manager of the fund | Kevin Lyons joins the team of Averell H. Mortimer, Ian McDonald, Darren Wolf, Russell Barlow, Vicky Hudson, and Peter Wasko | 4/16 |
| FXDAX | Altegris Fixed Income Long Short Fund | Premium Point Investments is no longer a subadvisor to the fund. As a result, Anilesh Ahuja and Amin Majidi are no longer listed as portfolio managers for the fund. | Kevin Schweitzer, Eric Bundonis, Peter Reed, David Steinberg, and Antolin Garza will continue to manage the fund. | 4/16 |
| AFXAX | American Beacon Flexible Bond | Adriana Posada has retired from her position as a portfolio manager | The rest of the team remains | 4/16 |
| ALMEX | ASTON/LMCG Emerging Markets Fund | Vikram Srimurthy is no longer a portfolio manager of the fund. | Gordon Johnson and Shannon Ericson will continue to manage the fund | 4/16 |
| BVEFX | Becker Value Equity Fund | No one, but … | Sid Parakh joins Thomas McConville, Andy Murray, Marian Kessler, Michael McGarr, Stephen Laveson, and Patrick Becker Jr. | 4/16 |
| BFRAX | BlackRock Floating Rate Income | Leland Hart will remain with BlackRock, but step down from fund management to “pursue other interests.” | James Keenan, C. Adrian Marshall and Joshua Tarnow will continue to manage the fund. | 4/16 |
| BMMAX | BlackRock Multi-Manager Alternative Strategies Fund | No one, but … | GLG Partners has been added as a seventh subadvisor to the fund. | 4/16 |
| BMSAX | BlackRock Secured Credit Portfolio | Leland Hart will remain with BlackRock, but step down from fund management to “pursue other interests.” | C. Adrian Marshall, Mitchell Garfin and Carly Wilson will continue to manage the fund. | 4/16 |
| CSIBX | Calvert Bond Portfolio | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CFWAX | Calvert Global Water Fund | Catherine Ryan and Matthew Sheldon are no longer listed as portfolio managers for the fund whose star rating is mostly driven by the fact that it’s being compared to energy funds. | The new team is Lise Bernhard, Jade Huang, Christopher Madden, Matthew Moore and Laurie Webster. | 4/16 |
| CGAFX | Calvert Green Bond Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CYBAX | Calvert High Yield Bond Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CFICX | Calvert Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CLDAX | Calvert Long-Term Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CSDAX | Calvert Short Duration Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CULAX | Calvert Ultra-Short Income Fund | Mauricia Agudelo will no longer serve as a portfolio manager for the fund. | Vishal Khanduja, Matthew Duch and Brian Ellis remain on the portfolio management team for the fund | 4/16 |
| CAMOX | Cambiar Opportunity Fund | Maria Mendelsberg will no longer serve as a portfolio manager for the fund. | Brian Barish, Anna Aldrich, Timothy Beranek, Andrew Baumbusch, Jeffrey Susman and Colin Dunn will continue to manage the fudn | 4/16 |
| CAMSX | Cambiar Small Cap Fund | Maria Mendelsberg will no longer serve as a portfolio manager for the fund. | Brian Barish, Anna Aldrich, Timothy Beranek, Andrew Baumbusch, Jeffrey Susman and Colin Dunn will continue to manage the fudn | 4/16 |
| CAMMX | Cambiar Smid Fund | Maria Mendelsberg will no longer serve as a portfolio manager for the fund. | Brian Barish, Anna Aldrich, Timothy Beranek, Andrew Baumbusch, Jeffrey Susman and Colin Dunn will continue to manage the fudn | 4/16 |
| CMCIX | Capital Management Mid Cap Fund | Ralph Scarpa is no longer listed as a portfolio manager for the fund. | Alexander Cripps and W. Jameson McFadden will now manage the fund. | 4/16 |
| CMSSX | Capital Management Small Cap Fund | Ralph Scarpa is no longer listed as a portfolio manager for the fund. | Alexander Cripps and W. Jameson McFadden will now manage the fund. | 4/16 |
| CPMPX | Changing Parameters Fund | David Levenson is no longer listed as a portfolio manager for the fund. | Howard Smith will continue to manage the fund’s parameters. | 4/16 |
| SUIAX | Deutsche CROCI International Fund | No one, but … | John Moody joins Di Kumble in managing the fund. | 4/16 |
| SKNRX | Deutsche Enhanced Commodity Strategy Fund | No one, but … | Rick Smith joined the team of Eric Meyer, John Ryan, Darwei Kung and Sonali Kapoor | 4/16 |
| SGDAX | Deutsche Gold & Precious Metals Fund | Michael Bernadiner and Terence Brennan are no longer listed as portfolio managers for the fund. | Scott Ikuss, Felice Tecce and John Vojticek are now managing the fund. | 4/16 |
| MIDVX | Deutsche Mid Cap Value Fund | Richard Glass left the fund in March, and was replaced Matthew Cino, who lasted precisely 30 days on the job. | Richard Hanlon and Mary Schafer are now managing the fund. | 4/16 |
| KDSAX | Deutsche Small Cap Value Fund | Richard Glass left the fund in March, and was replaced Matthew Cino, who lasted precisely 30 days on the job. | Richard Hanlon and Mary Schafer are now managing the fund. | 4/16 |
| DMVAX | Dreyfus Select Managers Small Cap Value Fund | Iridian Asset Management has terminated its agreement with Dreyfus. Jordan Alexander and Stephen Friscia will no longer be on the management team. | The rest of the extensive team remains. | 4/16 |
| FSCGX | Fidelity Select Industrial Equipment Portfolio | Boris Shepov will no longer serve as a portfolio manager for the fund. | Janet Glazer and Tobias Welo will manage the fund. | 4/16 |
| FIINX | First Investors International Fund | Rajiv Jain is no longer a portfolio manager for the fund | Matthew Benkendorf, Vontobel’s CIO, will manage the fund | 4/16 |
| FMIMX | FMI Common Stock Fund | Karl T. Poehls is leaving at the end of May 2016 to pursue “other business activities and personal interests.” | Jordan Teschendorf joins the extensive team in managing the fund. | 4/16 |
| FMIJX | FMI International Fund | Karl Poehls is leaving at the end of May 2016 | Jordan Teschendorf joins the extensive team in managing the fund. | 4/16 |
| FMIHX | FMI Large Cap Fund | Karl T. Poehls is leaving at the end of May 2016 | Jordan Teschendorf joins the extensive team in managing the fund. | 4/16 |
| FBDIX | Franklin Biotechnology Discovery Fund | No one, but perhaps pursuant to the fund’s decision to reopen to new investors in May 2016 … | Christopher Lee joins Evan McCulloch and Steven Kornfeld in managing the fund. | 4/16 |
| HWDAX | Hartford World Bond | Robert Evans has announced his plan to retire at the end of the year. As part of his plan, he will step down from his portfolio manager role as of June 30, 2016. | Mark Sullivan will continue to manage the fund | 4/16 |
| HGAAX | Henderson All Asset Fund | Bill McQuaker is no longer listed as a portfolio manager for the fund. | Paul O’Connor and Chris Paine will continue to run the fund. | 4/16 |
| HFOAX | Henderson International Opportunities Fund | No one, but … | Paul O’Connor joins Stephen Peak, Nicholas Cowley, Glen Finegan, Andrew Gillian, Ronan Kelleher, Vincent Musumeci, Tim Stevenson, and Ian Warmerdam on the management team. | 4/16 |
| IPOAX | Ivy Emerging Markets Equity Fund | Effective May 14, 2016, Frederick Jiang will no longer serve as a co-manager of the fund. | Jonas Krumplys will continue to manage the fund. | 4/16 |
| JDDAX | Janus Diversified Alternatives Fund | Richard Lindsey is no longer listed as a portfolio manager for the fund. | John Fujiwara and Andrew Weisman will continue to run the fund. | 4/16 |
| JDVAX | JPMorgan Diversified Fund | Effective immediately, Nicole Goldberger is on maternity leave and will not be involved in the day to day management of the fund. | John Speer and Michael Schoenhaut will continue to manage the fund in her absence. She’s expected to return in mid-June. | 4/16 |
| JRNAX | JPMorgan Diversified Real Return Fund | Effective immediately, Nicole Goldberger is on maternity leave and will not be involved in the day to day management of the fund. | John Speer and Michael Schoenhaut will continue to manage the fund in her absence. She’s expected to return in mid-June. | 4/16 |
| OHYAX | JPMorgan High Yield Fund | In order to separate trading functions from portfolio management functions, James Gibson will no longer be included in the list of portfolio managers for the fund but will continue his focus as principal high yield trader for the high yield team. | William Morgan and James Shanahan will continue to manage the fund. | 4/16 |
| LIMAX | Lateef Fund | Matthew Sauer will no longer serve as a portfolio manager for the fund. | Quoc Tran, James Tarkenton, and David Geisler continue as co-portfolio managers of the fund | 4/16 |
| LCRAX | Lord Abbett Core Fixed Income | Jerald Lanzotti is no longer listed as a portfolio manager for the fund. | Leah Traub joins Kewjin Yuoh, Robert Lee, and Andrew O’Brien in managing the fund. | 4/16 |
| NOIEX | Northern Income Equity Fund | John Ferguson is no longer a portfolio manager of the fund | Jacob Weaver will continue to manage the fund | 4/16 |
| PIOTX | Pioneer Core Equity | James Moynihan is no longer listed as a portfolio manager for the fund. | John Peckham and Craig Sterling will continue to manage the fund. | 4/16 |
| RSINX | RS Investors Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| GPAFX | RS Large Cap Alpha Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| RSPFX | RS Partners Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| RSVAX | RS Value Fund | Byron Penstock is no longer listed as a portfolio manager for the fund. | Joseph Mainelli, Paul Hamilos, Robert Harris and Daniel Lang continue to manage the fund. | 4/16 |
| SIMFX | Sims Total Return Fund | Barry Arnold and Lilli Gust are no longer listed as portfolio managers for the fund. | David Sims and Luke Sims have taken over management of the fund. | 4/16 |
| GTFAX | SunAmerica Global Trends Fund | Richard Wurster will no longer serve as a portfolio manager for the fund. | Stephen Gorman is now managing the fund. | 4/16 |
| PRWAX | T. Rowe Price New America Growth Fund | Daniel Martino left the fund in April, 2016. | Justin White is now listed as manager for the fund. | 4/16 |
| TEMAX | Touchstone Emerging Markets Small Cap | Wayne Hollister is out. | Stephen Dexter and H. David Shea are in. | 4/16 |
| UVALX | USAA Value Fund | Timothy Culler retired from his portfolio manager position. | The fund will continue to be managed by the rest of the team: Mark Giambrone, John Harloe, James McClure, R. Lewis Ropp, Jeff Fahrenbruch, David Ganucheau, and Cory Martin. | 4/16 |
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 |
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 |
Manager changes, January 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 |
| SPEAX | Alger Mid Cap Focus Fund | Dan Chung is no longer listed as a portfolio manager of the fund | Alex Goldman is the portfolio manager of the fund. | 1/16 |
| ALSAX | Alger Small Cap Growth Portfolio | Jill Greenwald is on temporary medical leave. | Daniel Chung will serve as portfolio manager in her absense. Amy Zhang will remain on the fund. | 1/16 |
| PGWAX | AllianzGI Focused Growth Fund | No one, right now. However, Scott Migliori will be leaving the fund as of June 30, 2016. | Raphael Edelman is joining Mssr. Migliori, Karen Hiatt, and David Jedlicki on the management team. On June 30, Ms. Hiatt will assume the role of lead portfolio manager. | 1/16 |
| ACCVX | American Century Capital Value Fund | Matt Titus is no longer listed as a portfolio manager for the fund. | Brian Woglom joins Brendan Healy in managing the fund. | 1/16 |
| ALPAX | American Century Large Company Value Fund | Matt Titus is no longer listed as a portfolio manager for the fund. | Brian Woglom joins Brendan Healy in managing the fund. | 1/16 |
| ATASX | Aston Small Cap Fund – formerly Aston TAMRO Small Cap, soon-to-be AMG GW&K Small Cap Growth Fund | TAMRO Capital Partners have been discharged from their subadvisor role. Therefore, Philip Tasho and Timothy Holland are no longer listed as portfolio managers for the fund. | GW&K Investment Management, LLC is now subadvisor to the fund. Daniel Miller and Joseph Craigen now manage the fund. | 1/16 |
| CTBIX | ASTON/TCH Fixed Income Fund | Tere Alvarez Canida, TCH’s founder, will no longer serve as a portfolio manager for the fund. | Janelle Woodward and Frank Reda join Daniela Mardarovici, Scott Kimball, Alan Habacht and William Canida in managing the fund. | 1/16 |
| AVEMX | Ave Maria Catholic Values Fund | Gregory Heilman is no longer listed as a portfolio manager for the fund. | Timothy Schwartz and Joseph Skornicka join George Schwartz in running the fund. | 1/16 |
| BTSMX | Boston Trust SMID Cap Fund | Stephen Franco and Heidi Vanni are no longer listed as managers of the fund. | Kenneth Scott will continue to run the fund. | 1/16 |
| CLPAX | Catalyst/Lyons Hedged Premium Return Fund | No one, but … | Matthew Ferratusco joins Brent Haworth, Alexander Read, and Michael Schoonover in managing the fund | 1/16 |
| CLTAX | Catalyst/Lyons Tactical Allocation Fund | No one, but … | Matthew Ferratusco joins Brent Haworth, Alexander Read, and Michael Schoonover in managing the fund | 1/16 |
| LTFAX | Columbia Acorn Select | Robert Chalupnik is deceased. | David Frank joins Matthew Szafranski in managing the fund. | 1/16 |
| CSVFX | Columbia Global Dividend Opportunity | Dean Ramos and Steven Schroll are no longer listed as portfolio managers for the fund. | Stephen Thornber and Jonathan Crown are now managing the fund. | 1/16 |
| INEGX | Columbia Global Equity Value Fund | Dean Ramos, Steven Schroll, and Paul Stocking are no longer listed as portfolio managers for the fund. | Fred Copper, Melda Mergen, and Peter Santoro are now managing the fund. | 1/16 |
| SMCEX | Columbia Small Cap Core Fund | Paul Szczygiel and Jeffrey Hershey are no longer listed as portfolio managers for the fund | Alred Alley, III and Brian Condon are now managing the fund. | 1/16 |
| TLVUX | Consulting Group Large Capitalization Value Equity Fund | HGK Asset Management is no longer a subadvisor to the fund. | Delaware Investments Fund Advisers is a new subadvisor to the fund. | 1/16 |
| FUTEX | Discretionary Managed Futures Strategy Fund | Robert Johnson no longer serves as a portfolio manager of the fund. | Brian Borneman, John Milne, Robert Vear, and Deborah Wingerson continue to manage the fund. | 1/16 |
| DDBAX | Dreyfus Emerging Markets Debt Local Currency Fund | Alexander Kozhemiakin is no longer listed as a portfolio manager to the fund. | Javier Murcio and Federico Garcia Zamora continue to manage the fund. | 1/16 |
| DTMAX | Dreyfus Total Emerging Markets Fund | Alexander Kozhemiakin is no longer listed as a portfolio manager to the fund. | Josephine Shea, Federico Garcia Zamora and Gaurav Patankar join Sean Fitzgibbon in managing the fund. | 1/16 |
| FABLX | Fidelity Advisor Balanced Fund | Peter Saperstone is no longer listed as a portfolio manager on the fund. | Peter Dixon joins Ford O’Neil, Monty Kori, Jonathan Kasen, Brian Lempel, Tobias Welo, Robert Stansky, Pierre Sorel, Douglas Simmons, Robert Lee, and Steven Kaye in managing the fund. | 1/16 |
| FCVAX | Fidelity Advisor Small Cap Value Fund | Charles Myers no longer serves as a co-manager of the fund. | Derek Janssen will continue to manage the fund. | 1/16 |
| FCONX | Fidelity Conservative Income Bond Fund | No one, but . . . | Kim Miller is joined by Robert Chan and Robert Galusza. | 1/16 |
| FLATX | Fidelity Latin America Fund | Adam Kutas no longer serves as lead portfolio manager of the fund. | Will Pruett will continue to manage the fund. | 1/16 |
| FSAEX | Fidelity Series All-Sector Equity Fund | Peter Saperstone is no longer listed as a portfolio manager on the fund. | Peter Dixon joins Jonathan Kasen, Brian Lempel, Tobias Welo, Robert Stansky, Pierre Sorel, Douglas Simmons, Robert Lee, and Steven Kaye. | 1/16 |
| PISRX | Forward International Small Companies Fund | Oliver Knobloch will no longer serve as a portfolio manager for the fund. | The remaining members of the management team, David Janec, Nathan Rowader, Paul Broughton, Bill Barker, and Justin Hill, remain. | 1/16 |
| IHSAX | Hartford Small Company Fund | Jamie Rome will be withdrawing from Wellington Management (the subadvisor) at the end of June. He will no longer serve as a portfolio manager to the fund, effective immediately. | Mammen Chally, Stephen Mortimer, Mario Abularach, and Steven Angeli will continue to manage the fund. | 1/16 |
| HEMAX | Henderson Emerging Markets Fund | No one, but … | Michael Cahoon will be joining Glen Finegan in managing the fund at the end of February. | 1/16 |
| HFOAX | Henderson International Opportunities Fund | No one, but Ian Warmerdam will be taking a sabbatical through the end of 2016. | Ronan Kelleher will continue to manage the fund. On January 1, 2017, Mssr. Warmerdam will return to his management responsibilities. | 1/16 |
| HPEAX | Highland Premier Growth Equity Fund | GE Asset Management will be terminated as a subadvisor effective March 1, 2016. David Carlson will no longer server as portfolio manager. | Highland Captial Management will advise the fund. James Dondero and Michael Gregory are the new portfolio managers. | 1/16 |
| HISIX | Homestead International Equity Fund | Teddy Wong and Dwayne Hancock are no longer listed as portfolio managers. | Ferrill Roll and Alexander Walsh will manage the fund. | 1/16 |
| JAIGX | Janus Aspen Overseas Portfolio | Brent Lynn is no longer listed as a porfolio manager | George Maris is now managing the fund. | 1/16 |
| JMFAX | Janus Emerging Markets Fund | Wahid Chammas is no longer listed as a portfolio manager for the fund. | Hiroshi Yoh will continue to manage the fund. | 1/16 |
| JDCAX | Janus Forty Fund | No one, but … | Nick Shommer joins A. Douglas Rao in managing the fund. | 1/16 |
| JNOSX | Janus Overseas Fund | Brent Lynn is no longer listed as a porfolio manager | George Maris is now managing the fund. | 1/16 |
| KZSIX | Kaizen Hedged Premium Spreads Fund | Wayne Ferbert and Jay Pestrichelli are no longer listed as portfolio managers of the fund. | Matthew Thompson and Michael Thompson are managing the fund. | 1/16 |
| KFGAX | KF Griffin Blue Chip and Covered Call | Griffin Asset Management will no longer subadvise the fund and Douglas Famigletti will no longer serve as a portfolio manager for the fund. | James Fields and Jonathan Roberts have taken over as portfolio managers to the fund as caretakers ahead of its liquidation. | 1/16 |
| MASNX | Litman Gregory Masters Alternative Strategies Fund | Tim Garry will no longer serve as a portfolio manager for the fund, effective immediately | The rest of the extensive team remains. | 1/16 |
| PEAFX | PIMCO RAE Fundamental Emerging Markets Fund | Jason Hsu is no longer listed as a portfolio manager for the fund. | The fund is now jointly managed by Robert Arnott and Christopher Brightman. | 1/16 |
| PZRAX | PIMCO RAE Fundamental Global ex-US Fund | Jason Hsu is no longer listed as a portfolio manager for the fund. | The fund is now jointly managed by Robert Arnott and Christopher Brightman. | 1/16 |
| PFQAX | PIMCO RAE Fundamental Global Fund | Jason Hsu is no longer listed as a portfolio manager for the fund. | The fund is now jointly managed by Robert Arnott and Christopher Brightman. | 1/16 |
| PPYAX | PIMCO RAE Fundamental International Fund | Jason Hsu is no longer listed as a portfolio manager for the fund. | The fund is now jointly managed by Robert Arnott and Christopher Brightman. | 1/16 |
| PKAAX | PIMCO RAE Fundamental US Fund | Jason Hsu is no longer listed as a portfolio manager for the fund. | The fund is now jointly managed by Robert Arnott and Christopher Brightman. | 1/16 |
| PMJAX | PIMCO RAE Fundamental US Small Fund | Jason Hsu is no longer listed as a portfolio manager for the fund. | The fund is now jointly managed by Robert Arnott and Christopher Brightman. | 1/16 |
| SBMBX | Saratoga Energy & Basic Materials Fund | David Cohen is no longer managing the fund. | John Brim, Stephanie Jones, and Stephen Smith will manage the fund. | 1/16 |
| SFPAX | Saratoga Financial Service Portfolio Fund | Thomas Finucane will no longer manage the fund | John Brim and Stephen Smith will manage the fund. | 1/16 |
| SLCGX | Saratoga Large Capitalization Growth Portfolio Fund | Aziz Hamzaogullari | John Brim and Stephen Smith will manage the fund. | 1/16 |
| SEEFX | Saturna Sustainable Equity Fund | Paul Meeks is no longer listed as a portfolio manager for the fund. | Nicholas Kaiser joins Peter Nielsen in managing the fund. | 1/16 |
| SSGFX | Sextant Growth Fund | Paul Meeks is no longer listed as a portfolio manager for the fund. | Tyler Howard joins Scott Klimo in managing the fund. | 1/16 |
| BGFAX | UBS Asset Growth Fund | Curt Custard – whose name brings to mind images of a lemony pudding – no longer serves as a portfolio manager for the fund | Luke Browne, Richard Lloyd and Philip Brides continue to manage the fund. | 1/16 |
| BNAAX | UBS Dynamic Alpha Fund | Curt Custard no longer serves as a portfolio manager for the fund | Jonathan Davies and Andreas Koester continue to manage the fund | 1/16 |
| BNGLX | UBS Global Allocation Fund | Curt Custard no longer serves as a portfolio manager for the fund | Jonathan Davies, Philip Brides and Andreas Koester continue to manage the fund | 1/16 |
| PWTAX | UBS U.S. Allocation Fund | Curt Custard is no longer a portfolio manager of the fund, effective immediately. | Andreas Koester will continue to manage the fund. | 1/16 |
| VFTSX | Vanguard FTSE Social Index Fund | Christine Franquin is no longer listed as a portfolio manager of the fund | William Coleman and Gerard O’Reilly will manage the fund. | 1/16 |
| VMRGX | Vanguard Morgan Growth Fund | Kalmar Investment Advisors is no longer a subadvisor to the fund. Dana Walker and Ford Draper are no longer listed as portfolio managers. | The rest of the team, James Stetler, Paul Marrkand, Kathleen McCarragher, Stephen Knightly, Christopher Scarpa, Michael Roach, James Troyer, and Blair Boyer, remain to manage the fund. | 1/16 |
| MUXAX | Victory S&P 500 Index Fund | Michael Mikha and Eric Lessnau | Dan Banaszak, Robert Bateman, David Hallum, Stephen Hammers, and Alex Pazdan are managing the fund. | 1/16 |
| IGPAX | Voya Global Target Payment Fund | No one, but … | Jody Hrazanek joins Paul Zemsky as a mangerfor the fund. | 1/16 |
| NAWGX | Voya Global Value Advantage Fund | No one, but … | Maya Venkatraman joins James Ying, Vincent Costa, Christoper Corapi, and Martin Jansen on the management team. | 1/16 |
| IEDAX | Voya Large Cap Value Fund | No one, but … | James Dorment joins Kristy Finnegan, Vincent Costa, and Christopher Corapi in managing the fund. | 1/16 |
| WASMX | Walden SMID Cap Innovations Fund | Stephen Franco and Heidi Vanni are no longer listed as managers of the fund. | Kenneth Scott will continue to run the fund. | 1/16 |
| WALTX | Wells Fargo Alternative Strategies Fund | Tim Garry will no longer serve as a portfolio manager for the fund, effective immediately | The rest of the extensive team remains. | 1/16 |
| SILAX | Wells Fargo Diversified International Fund | Jeffrey Everett in longer on the management team. | Mark Yockey, Josef Lakonishok, Puneet Mansharamani, Menno Vermeulen, and Dale Winner remain as portfolio managers for the fund. | 1/16 |
| WGLAX | Wells Fargo Global Long/Short Fund | Jeffrey Everett in longer on the management team. | Dale Winner will continue to manage the fund. | 1/16 |
| WFEAX | Wells Fargo International Equity Fund | Jeffrey Everett in longer on the management team. | Dale Winner will continue to manage the fund. | 1/16 |
| IPBAX | Wells Fargo Real Return | Jeffrey Everett in longer on the management team. | Kandarp Acharya, Michael Bradshaw, Christian Chan, Ann Miletti, Jay Mueller, Thomas Price and Dale Winner remain as portfolio managers for the fund. | 1/16 |
| WTMGX | Westcore MIDCO Growth Fund | Brian Fitzsimons, Mitch Begun, Adam Bliss, and Jeffrey Loehr are no longer managing the fund. | Craig Juran will manage the fund. | 1/16 |
| WTSLX | Westcore Select Fund | Brian Fitzsimons, Mitch Begun, Adam Bliss, F. Wiley Reed and Jeffrey Loehr are no longer managing the fund. | Craig Juran will manage the fund. | 1/16 |
| WTSGX | Westcore Small-Cap Growth Fund | Jeffrey Loehr and F. Wiley Reed are no longer listed as portfolio managers for the fund. | Mitch Begun, Adam Bliss and Brian Fitzsimons will continue to manage the fund | 1/16 |
Manager changes, December 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 |
| AEDQX | American Century Emerging Markets Debt Fund | Phil Yuhn will no longer serve as a portfolio manager to the fund | Margé Karner, John Lovito, Brian Howell, and Kevin Akioka will remain with the fund | 12/15 |
| BDCAX | AR Capital BDC Income Fund | Robert Grunewald is no longer listed as a portfolio manager for the fund. | Shiloh Bates is now managing the fund. | 12/15 |
| CWGDX | Christopher Weil & Company Global Dividend Fund | Luong Nguyen and Soledad Investment Management are no longer listed on the fund. | John Wells, president of Christopher Weil & Company, has assumed management of the fund. | 12/15 |
| LGGAX | Clearbridge Global Growth Trust, soon to be ClearBridge International Growth Fund | No one, but . . . | Elisa Mazen and Michael Testorf are joined by Pawel Wroblewski and Thor Olsson in managing the fund. | 12/15 |
| COGAX | Columbia Select Global Growth Fund, formerly the Columbia Marsico Global Fund. | Marsico Capital Management is out as a subadvisor and Thomas Marsico is no longer listed as a portfolio manager for the fund. That happens a lot. | The fund is now managed by Thomas Galvin, Richard Carter, and Todd Herget. | 12/15 |
| CLVFX | Croft Focus Fund | No one, but . . . | Patrick Halloran joins Kent Croft and G. Russell Croft in managing the fund. | 12/15 |
| DGFAX | Davis Global Fund | As of January 1, 2016, Tania Pouschine will be removed as a portfolio manager of the fund. | Christopher Davis and Danton Goei will continue to manage the fund. | 12/15 |
| DILAX | Davis International Fund | As of January 1, 2016, Tania Pouschine will be removed as a portfolio manager of the fund. | Christopher Davis and Danton Goei will continue to manage the fund. | 12/15 |
| DBOAX | Dreyfus Balanced Opportunity Fund | Sean Fitzgibbon is no longer listed as a portfolio manager for the fund. | George DeFina and John Bailer have joined Keith Stransky, Brian Ferguson, David Bowser, and David Horsfall in managing the fund. | 12/15 |
| DGRIX | Dreyfus Growth And Income Fund, Inc. | No one, but . . . | David Intoppa and Leigh Todd have joined Elizabeth Slover and John Bailer in managing the fund. | 12/15 |
| DLSAX | Dreyfus Research Long/Short Equity Fund | No one, but . . . | Matthew Jenkin joins Elizabeth Slover and Matthew Griffin in managing the fund. | 12/15 |
| DAGVX | Dreyfus Strategic Value Fund | No one, but . . . | David Intoppa has joined Brian Ferguson and John Bailer in managing the fund. | 12/15 |
| DTMAX | Dreyfus Total Emerging Markets Fund | No one, but . . . | Gaurav Patankar has joined Sean Fitzgibbon and Alexander Kozhemiakin in managing the fund. | 12/15 |
| FACEX | Frost Growth Equity Fund | Brad Thompson will no longer serve as a portfolio manager for the fund. | John Lutz, Tom Stringfellow, and AB Mendez continue to manage the fund. | 12/15 |
| FADVX | Frost Value Equity Fund | Brad Thompson will no longer serve as a portfolio manager for the fund. | Michael Brell, Tom Stringfellow, Craig Leighton, and Tom Bergeron will continue to manage the fund. | 12/15 |
| EDIAX | Global Income Builder Fund, formerly the Eaton Vance Global Dividend Income Fund | No one, but . . . | Jeffrey Mueller has joined John Croft, Michael Allison, and Christopher Dyer in managing the fund. | 12/15 |
| HCVAX | Hartford Conservative Allocation Fund | Wellington Management Company is no longer a sub-advisor. Wendy Cromwell and Richard Meagher are no longer listed as portfolio managers for the fund. | Vernon Meyer and Allison Mortensen are now managing the fund. | 12/15 |
| HBAAX | Hartford Moderate Allocation Fund | Wellington Management Company is no longer a sub-advisor. Wendy Cromwell and Richard Meagher are no longer listed as portfolio managers for the fund. | Vernon Meyer and Allison Mortensen are now managing the fund. | 12/15 |
| JDBAX | Janus Balanced Fund | No one, but . . . | Marc Pinto and Gibson Smith have been joined by Jeremiah Buckley, Mayur Saiga, and Darrell Watters on the management team. | 12/15 |
| OSGIX | JPMorgan Mid Cap Growth Fund | No one, but . . . | Felise Agranoff is joins Timothy Parton in managing the fund. | 12/15 |
| MNILX | Litman Gregory Masters International Fund | Effective immediately, William Fries of Thornburg Investment Management, a former M* manager of the year, has been removed as he transitions out of active portfolio management. | David Herro, Jeremy DeGroot, Howard Appleby, Jean-Francois Ducrest, James LaTorre, Vinson Walden, Mark Little and Rajat Jain remain to manage the fund. | 12/15 |
| MSAKX | MainStay Absolute Return Multi-Strategy Fund | Daniel Spears will no longer serve as a portfolio manager for the fund. | The rest of the extensive team remains. | 12/15 |
| CSHAX | MainStay Cushing MLP Premier Fund | Daniel Spears will no longer serve as a portfolio manager for the fund. | Kevin Gallagher and Jerry Swank remain on the fund. | 12/15 |
| CURAX | MainStay Cushing Royalty Energy Income Fund | Daniel Spears will no longer serve as a portfolio manager for the fund. | Judd Cryer and Jerry Swank remain on the fund. | 12/15 |
| GGEIX | Nationwide Global Equity Fund | The UBS Global Asset Management team has been removed from the fund. Charles Burbeck and Nicholas Irish are no longer listed as portfolio managers for the fund. | The UBS Asset Management team now subadvises the fund, with Bruno Bertocci and Joseph Elegante managing the fund. This is accompanied by a change in principal investment strategies. | 12/15 |
| NBHAX | Neuberger Berman Equity Income Fund | Anthony Gleason will retire effective February 1, 2016. | Richard Levine, Alexandra Pomeroy, and William Hunter will remain on the management team. | 12/15 |
| NBMIX | Neuberger Berman Small Cap Growth Fund | David Burshtan is no longer listed as a portfolio manager for the fund. | The fund is now managed by Chad Bruso, Marco Minonne, Trevor Moreno, and Kenneth Turek. | 12/15 |
| OASGX | Optimum Small-Mid Cap Growth Fund | Robert Chalupnik is no longer listed as a portfolio manager for the fund. | Matthew Litfin joins William Doyle in managing the fund. | 12/15 |
| OASVX | Optimum Small-Mid Cap Value Fund | Tocqueville Asset Management and the Killen Group, Inc. will no longer be sub-advisors to the fund. | LSV Asset Management has been approved as a subadvisor to the fund with Josef Lakonishok, Menno Vermeulen, Puneet Mansharamani, Greg Sleight and Guy Lakonishok responsible for day-to-day management of the fund. | 12/15 |
| Various | PIMCO RealPath Income Fund, PIMCO RealPath 2020 Fund, PIMCO RealPath 2025 Fund, PIMCO RealPath 2030 Fund, PIMCO RealPath 2035 Fund, PIMCO RealPath 2040 Fund, PIMCO RealPath 2045 Fund, PIMCO RealPath 2050 Fund and PIMCO RealPath 2055 Fund | Vineer Bhansal is no longer listed as a portfolio manager for the funds. | Mihir Worah and Graham Rennison join Rahul Devgon in managing the funds. | 12/15 |
| PQTAX | PIMCO TRENDS Managed Futures Strategy Fund | Vineer Bhansal is no longer listed as a portfolio manager for the fund. | Josh Davis joins Matthew Dorsten and Graham Rennison in managing the fund. | 12/15 |
| SRFMX | Sarofim Equity Fund | Jeffrey Jocobe will no longer serve as a portfolio manager for the fund. | Fayez Sarofim, W. Gentry Lee, Reynaldo Reza, and Alan Christensen remain with the fund. | 12/15 |
| SLSSX | Selected International Fund | As of January 1, 2016, Tania Pouschine will be removed as a portfolio manager of the fund. | Christopher Davis and Danton Goei will continue to manage the fund. | 12/15 |
| SOAEX | Spirit of America Energy Fund | Raymond Mathis is no longer listed as a portfolio manager for the fund. | William Mason will manage the fund. | 12/15 |
| SOAAX | Spirit of America Real Estate Income & Growth Fund | Raymond Mathis and Alpana Sen are no longer listed as portfolio managers for the fund. | William Mason and Douglas Revello will manage the fund. | 12/15 |
| FSCFX | Strategic Advisers Small-Mid Cap Fund | No one, but . . . | Arrowpoint Asset Management and AllianceBernstein are new subadvisors to the fund. | 12/15 |
| FNAPX | Strategic Advisers Small-Mid Cap Multi-Manager Fund | No one, but . . . | Arrowpoint Asset Management and AllianceBernstein are new subadvisors to the fund. | 12/15 |
| TCWAX | Templeton China World Fund | Allan Lam, Dennis Lim, and Tom Wu are no longer listed as portfolio managers for the fund. | Eddie Chow and Mark Mobius remain as managers for the fund. | 12/15 |
| TGVAX | Thornburg International Value | No one, at the moment, but William Fries intends to transition away from the fund into a new role as Senior Advisor to the Thornburg investment team. | Di Zhou joins William Fries and Lei Wang in anticipation of Mssr. Fries diminishing role with the fund. | 12/15 |
| TSAAX | Touchstone Controlled Growth with Income Fund | Lucian Marinescu is no longer listed as a portfolio manager for the fund. | Anthony Wicklund and Nathan Palmer, who started in 11/2015, are managing the fund. | 12/15 |
| TBAAX | Touchstone Dynamic Diversified Income Fund | Lucian Marinescu is no longer listed as a portfolio manager for the fund. | Anthony Wicklund and Nathan Palmer are managing the fund. | 12/15 |
| TVRAX | Transparent Value Directional Allocation Fund | Armen Arus, president and co-founder of Transparent Value, resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVEAX | Transparent Value Dividend Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVAAX | Transparent Value Large-Cap Aggressive Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVBAX | Transparent Value Large-Cap Core Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVDAX | Transparent Value Large-Cap Defensive Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVGAX | Transparent Value Large-Cap Growth Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVMAX | Transparent Value Large-Cap Market Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVVAX | Transparent Value Large-Cap Value Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVSAX | Transparent Value Small-Cap Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| TVKAX | Transparent Value SMID-Cap Directional Allocation Fund | Armen Arus resigned from the fund and the sub-adviser. | Scott Hammond and Gennadiy Khayutin continue to manage the fund. | 12/15 |
| SBALX | Victory Strategic Allocation Fund | Heidi Adleman is no longer listed as a portfolio manager for the fund. | Kelly Cliff will manage the fund. | 12/15 |
| WATWX | Wanger Select Fund | Robert Chalupnik is deceased. | David Frank joins Matthew Szafranski in managing the fund. | 12/15 |
| WGLIX | William Blair Global Small Cap Growth Fund | Matthew Litfin is no longer listed as a portfolio manager for the fund. | Andrew Flynn remains as the sole manager of the fund. | 12/15 |
| WCGIX | William Blair Mid Cap Growth Fund | No one, but . . . | Daniel Crowe joins David Ricci and Robert Lanphier in managing the fund. | 12/15 |
| WSMDX | William Blair Small-Mid Cap Growth Fund | No one, but . . . | Daniel Crowe joins Karl Brewer and Robert Lanphier in managing the fund. | 12/15 |
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 |
Manager changes, October 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 |
| AMTAX | AB All Market Real Return Portfolio | Jonathan Ruff will no longer serve as a portfolio manager for the fund. | Vinod Chathlani joins Daniel Loewy and Vadim Zlotnikov as a manager to the fund. | 10/15 |
| ADVGX | Advisory Research All Cap Value Fund | No one, but . . . | Chris Harvey joins James Langer, Matthew Swaim, and Bruce Zessar in managing the fund. | 10/15 |
| ADVSX | Advisory Research Small Company Opportunities | Paul Galat and Shreekkanth Viswanathan will no longer serve as a portfolio manager for the fund. | James Langer and Matthew Swaim are joined by Chris Harvey and Bruce Zessar. | 10/15 |
| EMEAX | Ashmore Emerging Markets Equity Fund | Cindy Chi is no longer listed as a portfolio manager on the fund. | Felicia Morrow and Alejandro Garza continue to manage the fund | 10/15 |
| EFEAX | Ashmore Emerging Markets Frontier Equity Fund | Peter Trofimenko will no longer serve as a portfolio manager for the fund. | Bryan D’Aguiar, Alejandro Garza, and Felicia Morrow will continue to manage the fund | 10/15 |
| ESSAX | Ashmore Emerging Markets Small-Cap Equity Fund | Cindy Chi is no longer listed as a portfolio manager on the fund. | Felicia Morrow and Alejandro Garza continue to manage the fund | 10/15 |
| BMPEX | Beck, Mack & Oliver Partners Fund | Zachary Wydra is no longer listed as a portfolio manager on the fund. | Robert Beck has taken over as portfolio manager of the fund. | 10/15 |
| BPLEX | Boston Partners Long/Short Equity Fund | Ali Motamed will no longer serve as a portfolio manager for the fund. | Robert Jones will continue to manage the fund | 10/15 |
| CWGDX | Christopher Weil & Company Global Dividend Fund | Soledad Investment Management will resign as a subadvisor to the fund effective December 19, 2015 | It’s unclear who will be managing the fund after December 19th. | 10/15 |
| LGGAX | Clearbridge Global Growth, which will become ClearBridge International Growth Fund at the end of the year. | Gibboney Huske is no longer listed as a portfolio manager on the fund. | Michael Testorf joins Elisa Mazen in managing the fund. | 10/15 |
| LACAX | Columbia Acorn Fund | As announced in May, Robert Mohn, has stepped down from his lead portfolio manager role. | David Frank will be joined by P. Zachary Egan | 10/15 |
| LAUAX | Columbia Acorn USA | As announced in May, Robert Mohn, has stepped down from his lead portfolio manager role. | William Doyle will remain on the fund | 10/15 |
| CSCEX | Columbia Active Portfolios Multi-Manager Small Cap Equity Fund | No one, but . . . | BMO Asset Management Corp has been added to the list of subadvisors. As a result of this, David Corris and Thomas Lettenberger join the extensive team managing this fund. | 10/15 |
| NMGIX | Columbia Marsico Growth Fund | Kevin Boone is no longer listed as a portfolio manager on the fund. | Thomas Marsico and Coralie Witter remain as managers for the fund. | 10/15 |
| TISHX | Deutsche Communications Fund | Walter Holick and Frederic Fayolle are no longer listed as portfolio managers of the fund | Brendan O’Neill will take over management of the fund. | 10/15 |
| KTRAX | Deutsche Global Income Builder Fund | Thomas Schuessler and Philip Condon are no longer listed as portfolio managers on the fund. | Darwei Kung joins William Chepolis, Gary Russell, John Ryan, Walter Holman, and Fabian Degen in managing the fund. | 10/15 |
| SERAX | Deutsche World Dividend Fund | Oliver Pfeil and Thomas Schuessler are no longer listed as portfolio managers on the fund. | Fabian Degen is joined by Walter Holman and Sebastian Werner in managing the fund. | 10/15 |
| MDDDX | FDP BlackRock Janus Growth Fund, formerly the Marsico Growth FDP Fund | Kevin Boone, Coralie Witter, and Thomas Marsico are out, as Marsico Capital Management has been replaced by Janus Capital Management as a subadvisor to the fund. | Carmel Wellso will manage the fund. | 10/15 |
| FSDAX | Fidelity Select Portfolios Defense and Aerospace Portfolio | Douglas Scott will no longer serve as a portfolio manager for the fund. | Jonathan Siegmann takes over management of the fund. | 10/15 |
| FBSOX | Fidelity Select Portfolios Information Technology Sector | No one, but . . . | Daniel Sherwood joins Kyle Weaver in managing the fund. | 10/15 |
| FMSLX | FMC Select Fund | Andrew Freedberg will cease serving as a co-portfolio manager of the fund. | Michael Kelter will become a co-portfolio manager of the fund, joining Timothy Muccia. | 10/15 |
| FLSLX | Forward Credit Analysis Long/Short Fund | No one, but . . . | David Hammer returns and joins Joseph Deane on the management team. | 10/15 |
| AHBIX | Forward High Yield Bond Fund | Steven Michaels is no longer listed as a portfolio manager on the fund. | Henry Chu and Ashish Shah are the portfolio managers of the fund. | 10/15 |
| GSRAX | Goldman Sachs Dividend Focus Rising Dividend Growth Fund | Jere Estes will no longer serve as a portfolio manager for the fund. | C. Troy Shaver, Ying Wang, and Michael Nix will continue to manage the fund. | 10/15 |
| GMLVX | GuideMark Emerging Markets | Michael Nayfa, Terry Pelzel, and Mark Giambrone are no longer listed as portfolio managers to the fund. | Khalid Ghayur, Ronan Heaney, and Stephan Platt are managing the fund. | 10/15 |
| GMLGX | GuideMark Large Cap Core Service | Paul Marrkand is no longer listed as a portfolio manager on the fund. | Khalid Ghayur, Ronan Heaney, and Stephan Platt are managing the fund. | 10/15 |
| GMSMX | GuideMark Small/Mid Cap Core Service | Cheryl Duckworth and Mark Mandel are no longer listed as portfolio managers to the fund. | Khalid Ghayur, Ronan Heaney, and Stephan Platt are managing the fund. | 10/15 |
| GMWEX | GuideMark World ex-US Service | César Hernandez is no longer listed as a portfolio manager on the fund. | Khalid Ghayur, Ronan Heaney, and Stephan Platt are managing the fund. | 10/15 |
| HISIX | Homestead International Value Fund | Cindy New, Robin Kollannur, and Charles Radtke are no longer listed as portfolio managers to the fund. | Dwayne Hancock and Teddy Wong will manage the fund. | 10/15 |
| HBAFX | Huntington Balanced Allocation Fund | Kirk Mentzer and Peter Sorrentino are no longer listed as portfolio managers to the fund. | David Miller and Michael Schoonover will manage the fund. | 10/15 |
| HDCAX | Huntington Dividend Capture Fund | Kirk Mentzer and Peter Sorrentino are no longer listed as portfolio managers to the fund. | David Miller and Michael Schoonover will manage the fund. | 10/15 |
| HGSAX | Huntington Global Select Markets Fund | Paul Attwood and Peter Sorrentino are no longer listed as portfolio managers to the fund. | Mike Newton, Edward Baker, Samuel Kwong, Mathias Wikberg, and Walid Khalfallah will manage the fund. | 10/15 |
| HRSAX | Huntington Real Strategies Fund | Paul Attwood and Peter Sorrentino are no longer listed as portfolio managers to the fund. | David Miller and Michael Schoonover will manage the fund. | 10/15 |
| HSUAX | Huntington Situs Fund | Kirk Mentzer and Peter Sorrentino are no longer listed as portfolio managers to the fund. | David Miller and Michael Schoonover will manage the fund. | 10/15 |
| ICLEX | ICON Consumer Staples Fund | Mick Kuehn will no longer serve as a portfolio manager for the fund. | Craig Callahan and Donovan Paul will manage the fund. | 10/15 |
| ICARX | ICON Emerging Markets Fund | Mick Kuehn will no longer serve as a portfolio manager for the fund. | Craig Callahan, Zach Jonson, Donovan Paul and Derek Rollingson will manage the fund. | 10/15 |
| ICTRX | ICON Industrials Fund | Mick Kuehn will no longer serve as a portfolio manager for the fund. | Craig Callahan and Donovan Paul will manage the fund. | 10/15 |
| ICTEX | ICON Information Technology | Mick Kuehn will no longer serve as a portfolio manager for the fund. | Craig Callahan and Donovan Paul will manage the fund. | 10/15 |
| COUAX | Innealta Capital Country Rotation Fund | No one, but . . . | Vito Sciaraffia and Mark Mowrey have joined Gerald Buetow in managing the fund. | 10/15 |
| SROAX | Innealta Capital Sector Rotation Fund | No one, but . . . | Vito Sciaraffia and Mark Mowrey have joined Gerald Buetow in managing the fund. | 10/15 |
| YLDAX | Innealta Capital Tactical Fixed Income Fund | No one, but . . . | Vito Sciaraffia and Mark Mowrey have joined Gerald Buetow in managing the fund. | 10/15 |
| JAAAX | John Hancock Alternative Asset Allocation Fund | Steve Medina will no longer serve as a portfolio manager for the fund, effective January 1, 2016 | Robert Boyda, Marcelle Daher, and Nathan Thooft, CFA will continue as portfolio managers of the fund | 10/15 |
| Various | John Hancock Lifestyle Portfolios, Lifestyle II Portfolios, Retirement Living Portfolios, Retirement Living II Portfolios, and Retirement Choices Portfolios | Steve Medina will no longer serve as a portfolio manager for the fund, effective January 1, 2017 | Robert Boyda, Marcelle Daher, and Nathan Thooft, CFA will continue as portfolio managers of the fund | 10/15 |
| GESOX | Lazard Global Equity Select Portfolio | No one, but . . . | Martin Flood, Louis Florentin-Lee, Andrew Lacey, Patrick Ryan, and Ronald Temple are joined by Barnaby Wilson. | 10/15 |
| LDVAX | Leland Thomson Reuters Venture Capital Index Fund | Justin Lowry and Sean Reichert are no longer listed as portfolio managers to the fund. | David Armstrong, Yash Patel, and Neil Peplinski have taken over management of the fund. | 10/15 |
| MHNAX | Madison High Income Fund | As of January 1, 2015, the fund will be managed by Madison Asset Management. As a result Eric Dobbin Mark Shenkman, Mark Flanagan, Steven Schweitzer, Justin Slatky, and Robert Kricheff will no longer serve as portfolio managers for the fund. | The fund will be managed by Michael Sanders and Allen Olson. | 10/15 |
| MGRIX | Marsico Growth Fund | Kevin Boone is no longer listed as a portfolio manager on the fund. | Thomas Marsico and Coralie Witter remain as managers for the fund. | 10/15 |
| NGUAX | Neuberger Berman Guardian Fund | Mamundi Subhas, Ingrid Dyott, Sajjad Ladiwala, and Arthur Moretti are no longer listed as portfolio managers to the fund. | Charles Kantor will now manage the fund. | 10/15 |
| PXHAX | Pax World High Yield Bond Fund | Mary Austin is no longer listed as a portfolio manager on the fund. | Peter Schwab will join Kent Siefers in managing the fund. | 10/15 |
| LSEAX | Persimmon Long/Short Fund | Contravisory Investment Management is no longer a subadvisor to the fund. David Canal, Philip Noonan, and William Noonan will no longer serve as portfolio managers for the fund. | The rest of the team remains | 10/15 |
| PQDAX | PIMCO Global Dividend Fund | Austin Graff is no longer listed as a portfolio manager on the fund. | Brad Kinkelaar now manages the fund. | 10/15 |
| RHFHX | Royce Heritage Fund | James Harvey is no longer listed as a portfolio manager on the fund. | Steven McBoyle serves as the fund’s lead portfolio manager and Charles Royce manages the Fund with him. | 10/15 |
| RSQVX | RSQ International Equity Fund | Michael Testorf will no longer serve as a portfolio manager for the fund. | Richard Pell and Rudolf-Riad Younes carry on. | 10/15 |
| UMBHX | Scout Small Cap Fund | Thomas Laming no longer serves as a portfolio manager of the fund. | James McBride has assumed lead portfolio manager responsibilities for the fund, with Timothy Miller serving as co-portfolio manager. | 10/15 |
| FMELX | Strategic Advisers Growth Multi-Manager Fund | No one, but . . . | James Fallon, Jonathan Sage, and John Stocks have joined the already extensive team. | 10/15 |
| SUNAX | SunAmerica Commodity Strategy Fund | Stephen Burke, John Pickart, and Wayne Ryan are no longer listed as portfolio managers to the fund. | David Chang and Gregory LeBlanc will manage the fund. | 10/15 |
| ABDCX | The BDC Income Fund | Andrew Kerai is no longer listed as a portfolio manager on the fund. | Gregg Felton and John Stuart will continue managing the fund. | 10/15 |
| TVFVX | Third Avenue Value Fund | Michael Lehmann is no longer listed as a portfolio manager on the fund. | Robert Rewey, Victor Cunningham, and Yang Lie continue to manage the fund. | 10/15 |
| DIVSX | Transamerica Partners Institutional Small Value Fund | Shaun Pedersen, Timothy McCormack, and Michael Vogelzang are no longer listed as portfolio managers to the fund. | James Gaul, David Hanna and Douglas Riley will manage the fund. | 10/15 |
| TSLAX | Transamerica Partners Small Cap Value Fund | James Veers and Michael Vogelzang are no longer listed as portfolio managers to the fund. | James Gaul, David Hanna and Douglas Riley will manage the fund. | 10/15 |
| DVSVX | Transamerica Partners Small Value Fund | Shaun Pedersen, Timothy McCormack, and Michael Vogelzang are no longer listed as portfolio managers to the fund. | James Gaul, David Hanna and Douglas Riley will manage the fund. | 10/15 |
| TSWEX | TS&W Equity Institutional Fund | Paul Ferwerda will no longer serve as a portfolio manager for the fund. | S. Preston Dillard, G. Gary Garland, and Brett Hawkins are the new managers of the fund. | 10/15 |
| WUSAX | Wanger USA | As announced in May, Robert Mohn, has stepped down from his lead portfolio manager role. | William Doyle will remain on the fund | 10/15 |
Manager changes, September 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 |
| GASAX | Aberdeen Diversified Alternatives Fund | Allison Mortensen is no longer listed as a portfolio manager on the fund. | Michael Turner joins Richard Fonash in managing the fund. | 9/15 |
| GMAAX | Aberdeen Diversified Income Fund | Allison Mortensen is no longer listed as a portfolio manager on the fund. | Michael Turner joins Richard Fonash in managing the fund. | 9/15 |
| GMMAX | Aberdeen Dynamic Allocation Fund | Allison Mortensen is no longer listed as a portfolio manager on the fund. | Michael Turner joins Richard Fonash in managing the fund. | 9/15 |
| AMGAX | Alger Mid Cap Growth Fund | Brain Schulz is no longer listed as a portfolio manager on the fund. | Ankur Crawford, Teresa McRoberts, Christopher Walsh, Alex Goldman, and Michael Melnyk continue on. | 9/15 |
| FXDAX | Altegris Fixed Income Long Short Fund | James Nimberg has been removed as a portfolio manager of the fund. Additionally, Joe Lu is no longer listed as a portfolio manager on the fund. | Amin Majidi joins Kevin Schweitzer, Anilesh Ahuja, Eric Bundonis, Robert Murphy, Peter Reed, and David Steinbert in managing the fund. | 9/15 |
| ABIRX | American Beacon International Equity Fund | Kevin Durkin will no longer serve as a portfolio manager for the fund. | The rest of the extensive team remains. | 9/15 |
| ABSAX | American Beacon Small Cap Value Fund | E. Clifton Hoover is no longer a manager of the fund | The rest of the extensive team remains. | 9/15 |
| ARSSX | Aristotle Strategic Credit Fund | Michael Hatley is no longer listed as a portfolio manager on the fund. | Douglas Lopez and Terence Reidt will continue to run the fun | 9/15 |
| AARIX | ASTON/Harrison Street Real Estate Fund | Reagan Pratt is no longer listed as a portfolio manager on the fund. | James Kammert will continue on as the sole portfolio manager. | 9/15 |
| AHFAX | Aurora Horizons Fund | Kovitz Investment Group is out as a subadvisor to the fund | The portion of the fund formerly managed by Kovitz has been allocated to the adviser and other subadvisers. | 9/15 |
| BBTBX | Bridge Builder Bond | Douglas Swanson will be taking a leave of absence. | Barbara Miller will assume day-to-day management of the portion of the portfolio allocated to Douglas Swanson. The rest of the team remains. | 9/15 |
| Various | Calamos, various funds | Effective immediately, Gary Black will no longer be a member of the investment team managing any of the series of the Calamos Investment Trust. | The remainder of the teams will continue on. | 9/15 |
| HIIFX | Catalyst/SMH High Income Fund | Morgan Neff will no longer serve as a portfolio manager for the fund. | Dwayne Moyers and Daniel Rudnitsky will continue to serve as portfolio managers | 9/15 |
| TRIFX | Catalyst/SMH Total Return Income Fund | Morgan Neff will no longer serve as a portfolio manager for the fund. | Dwayne Moyers and Daniel Rudnitsky will continue to serve as portfolio managers | 9/15 |
| CMUAX | Columbia Mid Cap Value Fund | No one, but . . . | Nicolas Janvier joins Jonas Patrikson, Diane Sobin, and David Hoffman on the management team. | 9/15 |
| CMOTX | Context Macro Opportunities Fund | Douglas Dachille is no longer listed as a portfolio manager on the fund. | Mark Alexandridis, David Ho, Mattan Horowitz and Prasad Kadiyala continue to manage the fund. | 9/15 |
| DAREX | Dunham Real Estate Stock Fund | Scott Westphal will no longer serve as a portfolio manager for the fund. | David Wharmby is now the sole portfolio manager. | 9/15 |
| FSCRX | Fidelity Small Cap Discovery Fund | Charles Myers will be taking a leave of absence until the third quarter of 2016. | Derek Janssen has been named interim portfolio manager. | 9/15 |
| FAKSX | Frost Mid Cap Equity Fund | Luther King Capital Management is no longer a subadvisor to the fund. Paul Greenwell, J. Luther King, and Steven Purvis are no longer portfolio managers for the fund. | The advisor takes over management of the fund, with the team of Tom Stringfellow, AB Mendez, and Bob Bambace. | 9/15 |
| HLDAX | Hartford Emerging Markets Local Debt Fund | Tieu-Bich Nguyen will no longer serve as a portfolio manager. | James Valone, Evan Oullette and Michael Henry will remain as portfolio managers for the fund. | 9/15 |
| HSFAX | HSBC Frontier Markets Fund | Andrew Brudenell will no longer serve as a co-portfolio manager to the fund | Chris Turner will continue to serve as portfolio manager to the fund | 9/15 |
| PGBOX | JPMorgan Core Bond Fund | Douglas Swanson will be taking a leave of absence. | Barbara Miller will assume day-to-day management of the portion of the portfolio allocated to Douglas Swanson. The rest of the team remains. | 9/15 |
| KPLCX | KP Large Cap Equity Fund | No one, but . . . | AQR Capital Management and Panagora Asset Management have been added as additional subadvisers. | 9/15 |
| LEOOX | Lazard Enhanced Opportunities Portfolio | Christopher Sferruzzo is no longer listed as a portfolio manager on the fund. | Sean Reynolds and Frank Bianco will continue to run the fund. | 9/15 |
| LEQAX | LoCorr Long/Short Equity Fund | No one, but . . . | Kettle Hill Capital Management has been added as an additional subadviser. Andrew Kurita, of Kettle Hill, has joined the management team. | 9/15 |
| MYHAX | MainStay High Yield Opportunities Fund | From September 2016 to August 2017, Taylor Wagenseil will provide advisory support to the fund’s management team, but he will not have discretionary investment authority. It’s not clear what will happen in September 2017. | Dan Roberts, Louis Cohen and Michael Kimble will continue to manage the fund. | 9/15 |
| MTRAX | MainStay Income Builder Fund | From September 2016 to August 2017, Taylor Wagenseil will provide advisory support to the fund’s management team, but he will not have discretionary investment authority. It’s not clear what will happen in September 2017. | Dan Roberts, Louis Cohen and Michael Kimble will continue to manage the fund. | 9/15 |
| MASAX | MainStay Unconstrained Bond Fund | From September 2016 to August 2017, Taylor Wagenseil will provide advisory support to the fund’s management team, but he will not have discretionary investment authority. It’s not clear what will happen in September 2017. | Dan Roberts, Louis Cohen and Michael Kimble will continue to manage the fund. | 9/15 |
| NMIEX | Northern Multi-Manager International Equity Fund | Northern Cross will no longer be a subadvisor to the fund. | The remainder of the extensive team carries on. | 9/15 |
| NMMCX | Northern Multi-Manager Mid Cap Fund | Systematic Financial Management will no longer be a subadvisor to the fund. | Vaughan Nelson Investment will join as a new subadvisor. | 9/15 |
| PXEAX | Pax World Global Environmental Markets Fund | Simon Gottelier is no longer listed as a portfolio manager on the fund. | Bruce Jenkyn-Jones and Hubert Aarts will carry on. | 9/15 |
| FMARX | Rx Tactical Rotation Fund (formerly the Rx MAR Tactical Conservative Fund) | The Board of Trustees approved a change in subadviser, removing BFP Capital Management, and bringing in Newfound Research. As a result, David Haviland will no longer serve as a portfolio manager for the fund. The change has been approved, in writing, by the fund’s sole shareholder. | Corey Hoffstein and Justin Sibears will continue to manage the fund. | 9/15 |
| SMHRX | SMH Representation Trust | Morgan Neff will no longer serve as a portfolio manager for the fund. | Dwayne Moyers and Daniel Rudnitsky will continue to serve as portfolio managers | 9/15 |
| FNAPX | Strategic Advisers Small-Mid Cap Fund | No one, but . . . | AllianceBernstein L.P. has been added as an eleventh subadvisor to the fund. | 9/15 |
| FVSAX | Strategic Advisers Value Fund | Kristina Stookey is no longer listed as a portfolio manager on the fund. | Gopalakrishnan Anantanatarajan has joined the other dozen managers on the team. | 9/15 |
| TSWEX | TS&W Equity Portfolio | Elizabeth Cabell Jennings and Paul Ferwerda are no longer serving as portfolio managers to the fund. | Brett Hawkins, S. Preston Dillard and G. Gary Garland are now managing the fund. | 9/15 |
| VFSVX | Vanguard FTSE All-World ex-US Small-Cap Index Fund | Michael D. Eyre will no longer serve as a portfolio manager for the fund. | Jeffrey Miller takes over management of the fund. | 9/15 |
| VMGAX | Vanguard Mega Cap Growth Index Fund | Michael D. Eyre will no longer serve as a portfolio manager for the fund. | Gerard O’Reilly takes over management of the fund. | 9/15 |
| VMVLX | Vanguard Mega Cap Value Index Fund | Michael D. Eyre will no longer serve as a portfolio manager for the fund. | Gerard O’Reilly takes over management of the fund. | 9/15 |
| VRTGX | Vanguard Russell 2000 Growth Index Fund | Michael D. Eyre will no longer serve as a portfolio manager for the fund. | Walter Nejman takes over management of the fund. | 9/15 |
| VRTIX | Vanguard Russell 2000 Index Fund | Michael D. Eyre will no longer serve as a portfolio manager for the fund. | Walter Nejman takes over management of the fund. | 9/15 |
| VRTVX | Vanguard Russell 2000 Value Index Fund | Michael D. Eyre will no longer serve as a portfolio manager for the fund. | Walter Nejman takes over management of the fund. | 9/15 |
| IEDAX | Voya Large Cap Value Fund | Robert Kloss is no longer listed as a portfolio manager on the fund. | Christopher Corapi, Vincent Costa, and Kristy Finnegan remain on the team. | 9/15 |
| AIMAX | Voya Mid Cap Value Advantage Fund | Robert Kloss is no longer listed as a portfolio manager on the fund. | Christopher Corapi, Vincent Costa, and Kristy Finnegan remain on the team. | 9/15 |
| WAAEX | Wasatch Small Cap Growth Fund | No one, but . . . | Effective February 1, 2016, JB Taylor will be the lead manager of the fund and Jeff Cardon will be a portfolio manager of the fund. | 9/15 |
| WVLEX | Worthington Value Line (formerly Worthington Value Line Equity Advantage Fund) | No one, but . . . | Liane Rosenberg joins Cindy Starke in managing the fund. | 9/15 |
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 |
Manager changes, July 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 |
| ALLGX | AllianzGI Best Styles Global Equity Fund (“best styles”? really?) | No one, but . . . | Dr. Michael Heldmann joins Dr. Klaus Teloeken and Dr. Rainer Tafelmayer in managing the fund. | 7/15 |
| ASQPX | AllianzGI Best Styles International Equity Fund | No one, but . . . | Karsten Niemann joins Dr. Michael Heldmann in managing the fund. | 7/15 |
| ALBPX | AllianzGI Best Styles U.S. Equity Fund | No one, but . . . | Dr. Michael Heldmann joins Karsten Niemann in managing the fund. | 7/15 |
| JCRAX | ALPS/Core Commodity Management Complete Commodities Strategy Fund | Satch Chada is no longer serving as a co-portfolio manager of the fund. | Robert Hyman will remain as the sole portfolio manager. | 7/15 |
| FXDAX | Altegris Fixed Income Long Short Fund | Effective July 10, 2015, Joe Lu of MAST Capital Management, LLC has been removed as a portfolio manager. | The rest of the team of David Steinberg, Peter Reed, Robert Murphy, Eric Bundonis, James Nimberg, Anilesh Ahuga, and Kevin Schweitzer, remain. | 7/15 |
| CALSX | Calamos Long/Short Fund | Brendan Maher is no longer listed as a portfolio manager of the fund. | The fund continues to be managed by the rest of the team of John Calamos, Sr., Gary Black, Daniel Fu, and Matthew Wolfson. | 7/15 |
| CVSIX | Calamos Market Neutral Income Fund | Brendan Maher is no longer listed as a portfolio manager of the fund. | The fund continues to be managed by the rest of the team of John Calamos, Sr., Gary Black, Jason Hill and Eli Pars. | 7/15 |
| SLMCX | Columbia Seligman Communications and Information Fund | Ajay Diwan is no longer listed as a portfolio manager | Clark Westmont and Jeetil Patel join Rahul Narang, Shekhar Pramanick, Sanjay Devgan, and Paul Wick in running the fund. | 7/15 |
| SHGTX | Columbia Seligman Global Technology Fund | Ajay Diwan is no longer listed as a portfolio manager | Clark Westmont and Jeetil Patel join Rahul Narang, Shekhar Pramanick, Sanjay Devgan, and Paul Wick in running the fund. | 7/15 |
| 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 | 7/15 |
| DNVAX | Deutsche International Value Fund | E. Clifton Hoover and Wesley Wright are no longer managers of the fund | Di Kumble is the new manager | 7/15 |
| MIDVX | Deutsche Mid Cap Value Fund | No one, but . . . | Richard Hanlon has joined Richard Glass in managing the fund. | 7/15 |
| DALVX | Dunham Large Cap Value Fund | Robert McGee and Gregory Melvin are out. | Rothschild Asset Management is the new subadvisor, with Chris Kaufman and Paul Roukis at the reins. | 7/15 |
| FAGAX | Fidelity Advisor Growth Opportunities Fund | Gopal Reddy is no longer listed as a portfolio manager on the fund. | Kyle Weaver and Steven Wymer have taken over the fund. | 7/15 |
| FIDSX | Fidelity Select Portfolios Financial Sector Fund | No one, but . . . | Daniel Dittler has joined Christopher Lee as a co-manager for the fund. | 7/15 |
| AGRRX | Forward Multi-Strategy Fund | Jim O’Donnell no longer serves as Chief Investment Officer of Forward Management or as a portfolio manager to the fund | Nathan Rowader, Paul Broughton, and David Janec will remain on the fund. | 7/15 |
| FFSCX | Forward Small Cap Equity Fund | Jim O’Donnell no longer serves as Chief Investment Officer of Forward Management or as a portfolio manager to the fund | Paul Broughton and Randall Coleman will carry on. | 7/15 |
| GARTX | Goldman Sachs Absolute Return Tracker Fund | Matthew Hoehn no longer serves as a portfolio manager for the fund. | Gary Chropuvka and Alex Chung remain. | 7/15 |
| GCMAX | Goldman Sachs Mid Cap Value Fund | Dolores Bamford announced that she will be retiring from Goldman Sachs, effective September 1st. | Andrew Braun, Sean Gallagher, and Timothy Ryan will continue to run the fund | 7/15 |
| GRPOX | Goldman Sachs Retirement Portfolio Completion Fund | Matthew Hoehn no longer serves as a portfolio manager for the fund | Steve Jeneste will serve as a portfolio manager for the fund, joining Gary Chropuvka. | 7/15 |
| HINVX | Heartland International Value Fund | No one, but . . . | Michael Jolin has joined Robert Sharpe as a co-portfolio manager of the fund. | 7/15 |
| HFOAX | Henderson International Opportunities Fund | No one, but . . . | Glen Finegan and Ronan Kelleher join the rest of the team of Stephen Peak, Nicholas Cowley, Andrew Gillan, Bill McQuaker, Vincent Musumeci, Tim Stevenson, and Ian Warmerdam. | 7/15 |
| HSZAX | Highland Small-Cap Equity Fund | Marc Shapiro and Palisade Capital Management are no longer advising the fund | James Dondero and Michael Gregory remain on the fund. | 7/15 |
| HISIX | Homestead International Value Fund | The Board of Directors has voted to terminate the contract of subadvisor, Mercator Asset Management. | It’s expected that SSGA Funds Management will be appointed appointed as subadvisor on September 15th | 7/15 |
| IMIFX | Innovator McKinley Income Fund | Steven Carhart is no longer listed as a manager to the fund | Gregory Samorajski, Brandon Rinner, Sheldon Lien, Robert B. Gillam, and Robert A. Gillam will be managing the fund with slightly changed investment strategies. | 7/15 |
| IGWAX | Ivy Micro Cap Growth Fund | Paul J. Ariano, Paul K. LeCoq, Luke A. Jacobson and Alexis C. Waadt are out, along with subadvisor Wall Street Associates, LLC. | John Bichelmeyer will be managing the fund. | 7/15 |
| JUCAX | Janus Global Unconstrained Bond Fund | No one, but . . . | Kumar Palghat joins Bill Gross in managing the fund. One wonders if giving Gross this fund will be a “act in haste, repent at leisure” decision for Janus? | 7/15 |
| MDDDX | Marsico Growth FDP Fund, which will become the FDP BlackRock Janus Growth Fund. | As part of the change in name, subadvisor, and strategy, Coralie Witter and Thomas Marsico will no longer be portfolio managers. That’s happened a lot to the Marsico folks. | Carmel Wellso will manage the fund. | 7/15 |
| MCHFX | Matthews China Fund | Richard Gao began a sabbatical on July 1, 2015 which suggests he’ll be back but doesn’t hint about when. Until then … | Winnie Chwang, Henry Zhang, and Andrew Mattock remain, with Mssr. Mattock assuming the lead manager role. | 7/15 |
| NWAAX | Nationwide Portfolio Completion Fund | No one, but . . . | Steve Jeneste will serve as a portfolio manager for the fund, joining Gary Chropuvka and Amna Qaiser | 7/15 |
| NCGFX | New Covenant Growth Fund | No one, but . . . | Peter Thompson and Brian Kramp have joined the extensive management team | 7/15 |
| JPPAX | Perkins Global Value Fund | J. Christian Kirtley is no longer listed as a portfolio manager for the fund | Gregory Kolb and Tadd Chessen will remain on the fund. | 7/15 |
| JIFAX | Perkins International Value Fund | J. Christian Kirtley is no longer listed as a portfolio manager for the fund | Gregory Kolb and Tadd Chessen will remain on the fund. | 7/15 |
| PRCPX | T. Rowe Price Credit Opportunities Fund | Paul Karpers has been replaced … | … by Rodney Rayburn. | 7/15 |
| TRHYX | T. Rowe Price Institutional High Yield Fund | Paul Karpers has been replaced … | … by Mark Vaselkiv. Mr. V. is Price’s lead high-yield manager and has done really good work. | 7/15 |
| Various | T. Rowe Price Retirement Series – all funds | No one, but . . . | Wyatt Lee will join Jerome Clark as the funds’ co-portfolio manager. | 7/15 |
| VBINX | Vanguard Balanced Index Fund | No one, but . . . | Christopher Wrazen joins Joshua Barrickman and Christine Franquin | 7/15 |
| VCVSX | Vanguard Convertible Securities Fund | Larry Keele is no longer listed as a portfolio manager of the fund. | Jean-Paul Nedelec, Abraham Ofer, and Stuart Spangler will remain on the fund. | 7/15 |
| NAWGX | Voya Global Value Advantage Fund | David Rabinowitz will no longer manage the fund. | Martin Jansen, Christopher Corapi, Vincent Costa, and James Ying will remain on the fund. | 7/15 |
| WTMIX | Westcore Micro-Cap Opportunity Fund | Jon Tesseo is no longer a portfolio manager of the fund and has resigned from the subadvisor. | Paul Kuppinger will remain with the fund. | 7/15 |
| WRAAX | Wilmington Multi-Manager Alternatives Fund | Brendan Maher of Calamos Advisors, LLC and Todd Murphy of Wilmington Trust Investment Advisors are no longer portfolio managers of the fund. | The other 16 portfolio managers will remain | 7/15 |
| WMMRX | Wilmington Multi-Manager Real Asset Fund | Todd Murphy of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund. | The other 9 managers will carry on | 7/15 |
| WAAAX | Wilmington Strategic Allocation Aggressive Fund | Rex Macey of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund | Mark Stevenson, Allen Choinski, and Joshua Savadore will remain with the fund | 7/15 |
| WCAAX | Wilmington Strategic Allocation Conservative Fund | Rex Macey of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund | Mark Stevenson, Allen Choinski, and Joshua Savadore will remain with the fund | 7/15 |
| ARBAX | Wilmington Strategic Allocation Moderate Fund | Rex Macey of Wilmington Trust Investment Advisors is no longer a portfolio manager of the fund | Mark Stevenson, Allen Choinski, and Joshua Savadore will remain with the fund | 7/15 |
Manager changes, June 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 |
|
ASLAX |
AB Select Long/Short Portfolio |
No one, but . . . |
Anthony Nappo joins Kurt Feuerman in managing the fund |
6/15 |
|
AUUAX |
AB Select US Equity Fund |
No one, but . . . |
Anthony Nappo joins Kurt Feuerman in managing the fund |
6/15 |
|
ALAFX |
Alger Capital Appreciation Focus Fund |
No one, but . . . |
Ankur Crawford joins Patrick Kelly in managing the fund |
6/15 |
|
ACAAX |
Alger Capital Appreciation Fund |
No one, but . . . |
Ankur Crawford joins Patrick Kelly in managing the fund |
6/15 |
|
SPECX |
Alger Spectra Fund |
No one, but . . . |
Ankur Crawford joins Patrick Kelly in managing the fund |
6/15 |
|
ABFAX |
American Beacon Balanced Fund |
Wyatt Crumpler, American Beacon’s CIO, is no longer listed as a portfolio manager. The firm was purchased by two outside groups in May and we can’t tell if this is fallout from that. |
The extensive team of Mark Giambrone, Samuel Silver, Gene Needles, James Clarke, Erin Higginbotham, Patrick Kaser, Scott McBride, Deborah Petruzzelli, Patrick Sporl, Judd Peters, J. Scott McDonald, Mark Luchsinger, Adriana Posada, Paul Lesutis, Stephen Smith, George Davis, John Williams, David Hardin, and James Barrow remain. |
6/15 |
|
AEMAX |
American Beacon Emerging Markets Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
AFXAX |
American Beacon Flexible Bond Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
ABHAX |
American Beacon High Yield Bond Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
AITAX |
American Beacon Intermediate Bond Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
AIEAX |
American Beacon International Equity Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
ALVAX |
American Beacon Large Cap Value Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
ABMAX |
American Beacon Mid-Cap Value Fund |
Wyatt Crumpler and Manoj Tandon are no longer listed as portfolio managers |
John Flynn joins the rest of the team. |
6/15 |
|
AAPAX |
American Beacon Retirement Income and Appreciation Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
ABSAX |
American Beacon Small Cap Value Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The rest of the extensive team remains. |
6/15 |
|
ATSAX |
American Beacon Treasury Inflation Protected Securities Fund |
Wyatt Crumpler is no longer listed as a portfolio manager |
The team of Joseph Murphy, David Eichhorn, Robert Bayston, Jess Yawitz, Anthony Pope, William Marshall, Kenneth Lester, and Kirk Brown carry on. |
6/15 |
|
CESVX |
AMG Chicago Equity Partners Small Cap Value Fund |
No one, but . . . |
William Murray joins David Coughenour, Patricia Halper, and Robert Kramer in managing the fund |
6/15 |
|
BMMAX |
BlackRock Multi-Manager Alternative Strategies Fund |
No one, but . . . |
Ionic Asset Management has been added as a sixth subadvisor to the fund |
6/15 |
|
BMHAX |
BMO Monegy High Yield Bond Fund |
Sadhana Valia intends retire to on September 1, 2015. |
Lori Marchildon will continue to manage the fund. |
6/15 |
|
CSIEX |
Calvert Equity Portfolio |
Paul Marshall has resigned from the subadvisor, Atlanta Capital Management Company, and will no longer serve as portfolio manager |
Richard England is joined by Lance Garrison, Joseph Hudepohl, Jeffrey Miller, and Robert Walton. |
6/15 |
|
CSXAX |
Calvert US Large Cap Core Responsible Index (formerly the Calvert Social Index Fund) |
Matthew Moore and Natalie Trunow are no longer portfolio managers of the fund. We’re kind of ambivalent about how much difference that could make since an index fund’s manager is akin to a driverless car’s chauffeur. |
The new management team includes Lise Bernhard, Dale Stout, and J. Laurie Webster. |
6/15 |
|
CLTAX |
Catalyst/Lyons Tactical Allocation Fund |
Louis Stevens is no longer listed as a portfolio manager |
The team of Brent Haworth, Alexander Read, and Michael Schoonover have taken over. |
6/15 |
|
SBVAX |
Clearbridge Small Cap Value Fund |
Marina Chinn is no longer listed as a portfolio manager to the fund. |
The rest of the team, Peter Hable, Mark Bourguignon, Mark Feasey, and Michael Kang, will continue to manage the fund |
6/15 |
|
DPIAX |
Destra Preferred and Income Securities Fund |
Mssr. Robert Ettinger retired from his role as portfolio manager on June 30, 2015 |
R. Eric Chadwick, Donald Crumrine, and Bradford Stone will continue to manage the fund |
6/15 |
|
EAALX |
Eaton Vance Atlanta Capital Focused Growth Fund |
Paul Marshall has resigned from the subadvisor, Atlanta Capital Management Company, and will no longer serve as portfolio manager |
Richard England is joined by Lance Garrison, Joseph Hudepohl, Jeffrey Miller, and Robert Walton. |
6/15 |
|
GNFRX |
Geneva Advisors International Growth Fund |
Eswar Menon is no longer listed as a portfolio manager to the fund |
Daniel Delany, Matthew Scherer and Reiner Triltsch will carry on. |
6/15 |
|
OHYDX |
Oaktree High Yield Bond Fund |
No one, but . . . |
David Rosenberg joined Sheldon Stone and Shannon Ward in managing the fund |
6/15 |
|
OALGX |
Optimum Large Cap Growth Fund |
No one, but . . . |
Ankur Crawford joins Patrick Kelly in managing the fund |
6/15 |
|
PCYAX |
PCS Commodity Strategy Fund |
Roxanne Bennett is no longer a portfolio manager for the fund |
Alan Konn, John Reese, David Schink continue to manage the fund and are joined by Carlton Chin and Karl Foster |
6/15 |
|
PEQAX |
PIMCO EqS Emerging Markets Fund |
Virginie Maisonneuve, one of a set of superstars that PIMCO brought on-board when they decided to move into equities. Most are gone now. |
Geraldine Sundstrom |
6/15 |
|
PIODX |
Pioneer Fund |
No one, but . . . |
Jeff Kripke joins John Carey and Walter Hunnewell |
6/15 |
|
RLLBX |
Rothschild Larch Lane Alternatives Fund |
Christophe Jaubert no longer serves as a portfolio manager of the fund. |
Shakil Riaz joins Nicolas de Croisset, Rajiv Sobti, Kazuhiro Shimbo, Rasheed Sabar, Charles Korchinski, Mark Jurish, David Harding, Geoffrey Doyle, Matthew Beddall, and Ki Akrami in running the fund. |
6/15 |
|
RSMSX |
RS Emerging Markets Small Cap Fund |
No one, but . . . |
Maria Freund has joined Michael Reynal, Michael Ade, and Peter Luo on the management team. |
6/15 |
|
SCGLX |
Scout Global Equity Fund |
No one, but . . . |
Charles John joined James Reed and James Moffett in managing the fund |
6/15 |
|
TACFX |
Stadion Alternative Income Fund |
David Pursell is no longer listed as a portfolio manager |
Clayton Shiver and William McGough join Brad Thompson and Judson Doherty in managing the fund |
6/15 |
|
STTGX |
Stadion Trinity Alternative Return Fund |
David Pursell is no longer listed as a portfolio manager |
Clayton Shiver and William McGough join Brad Thompson and Judson Doherty in managing the fund |
6/15 |
|
PRGIX |
T. Rowe Price Growth & Income |
Thomas Huber is setting down after eight years with the fund but is continuing at Dividend Growth where he’s had a longer record and more success |
Jeffrey Rottinghaus, who has been running Price funds that target European investors but invest in US stocks |
6/15 |
|
WMMRX |
Wilmington Multi-Manager Real Asset Fund |
No one, but . . . |
Joshua Savadove and Jordan Strauss will become portfolio managers, joining the team of David Stein, Thomas Seto, Todd Murphy, Thomas Pierce, Mihir Worah, Joseph Smith, T. Ritson Ferguson, and Steven Burton. |
6/15 |
Manager changes, May 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 |
|
TDBAX |
AB Multi-Manager Select 2010 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDCAX |
AB Multi-Manager Select 2015 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDDAX |
AB Multi-Manager Select 2020 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDAGX |
AB Multi-Manager Select 2025 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDHAX |
AB Multi-Manager Select 2030 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDMAX |
AB Multi-Manager Select 2035 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDJAX |
AB Multi-Manager Select 2040 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDNAX |
AB Multi-Manager Select 2045 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDLAX |
AB Multi-Manager Select 2050 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDAPX |
AB Multi-Manager Select 2055 Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
TDAIX |
AB Multi-Manager Select Retirement Allocation Fund |
Jeremy Stempien is no longer listed as a portfolio manager on the fund |
John McLaughlin joins Brian Huckstep, Daniel Loewy, Christopher Nikolich, and Vadim Zlotnikov on the management team |
5/15 |
|
ABMAX |
American Beacon Mid-Cap Value Fund |
Subadvisor, LMCG Investments Group, has been terminated, along with portfolio managers R. Todd Vingers and Jay Willadsen |
WEDGE Captial Management is a new subadvisor. John Carr, Brian Pratt, Paul VeZolles, and Richard Wells join the existing managers, James Barrow, Mark Giambrone, Adriana Posada, Richard Pzena, Manoj Tandon, Wyatt Crumpler, Gene Needles, and Eli Rabinowich |
5/15 |
|
AAPAX |
American Beacon Retirement Income and Appreciation Fund |
Steve Klouda is no longer listed as a portfolio manager. |
The other twelve managers remain |
5/15 |
|
BACPX |
BlackRock 20/80 Target Allocation Fund, formerly BlackRock Conservative Prepared Portfolio |
Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change. |
Michael Gates and Russ Koesterich will manage the renamed fund. |
5/15 |
|
BAMPX |
BlackRock 40/60 Target Allocation Fund, formerly BlackRock Moderate Prepared Portfolio |
Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change. |
Michael Gates and Russ Koesterich will manage the renamed fund. |
5/15 |
|
BAGPX |
BlackRock 60/40 Target Allocation Fund, formerly BlackRock Growth Prepared Portfolio |
Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change. |
Michael Gates and Russ Koesterich will manage the renamed fund. |
5/15 |
|
BAAPX |
BlackRock 80/20 Target Allocation Fund, formerly Blackrock Aggressive Growth Prepared Portfolio |
Philip Green is no longer listed as a manager of the fund, which has undergone a name and strategy change. |
Michael Gates and Russ Koesterich will manage the renamed fund. |
5/15 |
|
BALPX |
BlackRock Event Driven Equity Fund |
Peter Stournaras is no longer listed as a portfolio manager of the fund |
Mark McKenna is the new portfolio manager |
5/15 |
|
BCAMX |
Boston Common U.S. Equity Fund |
Thomas Darling is no longer with Boston Common Asset Management, and will no longer serve as a portfolio manager to the fund |
The rest of the team, Praveen Abichandani, Geeta Aiyer, Steven Heim, and Corné Biemans, remains. |
5/15 |
|
BUFOX |
Buffalo Emerging Opportunities Fund |
John Bichelmeyer is no longer a co-portfolio manager to the fund |
Doug Cartwright has been added as a co-portfolio manager, joining Craig Richard. |
5/15 |
|
ATRAX |
Catalyst Absolute Total Return Fund, which will undergo a name and objective change to Catalyst Intelligent Alternative Fund in July. |
Shawn Blau and William Kennedy are no longer portfolio managers of the fund |
David Miller is now the portfolio manager |
5/15 |
|
CLPAX |
Catalyst/Lyons Hedged Premium Return Fund |
Louis A. Stevens is no longer a portfolio manager |
Brent Haworth and Michael Schoonover join Alexander Read in managing the fund. |
5/15 |
|
CLTAX |
Catalyst/Lyons Tactical Allocation Fund |
Louis A. Stevens is no longer a portfolio manager |
Brent Haworth and Michael Schoonover join Alexander Read in managing the fund. |
5/15 |
|
CSMVX |
Century Small Cap Select Fund |
Kevin Callahan is no longer listed as a portfolio manager of the fund |
Alexander Thorndike carried on as sole portfolio manager |
5/15 |
|
MAIOX |
Columbia International Opportunities Fund, formerly Columbia Marsico International Opportunities Fund |
Munish Malhotra and Marsico Capital are out. Poor Marsico. |
William Davies, Dave Dudding, and Simon Haines have assumed portfolio management duties |
5/15 |
|
GHAFX |
Granite Harbor Alternative Fund |
V2 (for “Victor Vine,” not for Germany’s WW2 rocket) Capital is no longer a subadviser to the fund, and Victor Viner, Brett Novosel, and Michael Holleb are no longer listed as portfolio managers |
The other ten managers remain |
5/15 |
|
GHTFX |
Granite Harbor Tactical Fund |
V2 Capital is no longer a subadviser to the fund, and Victor Viner, Brett Novosel, and Michael Holleb are no longer listed as portfolio managers |
The other ten managers remain |
5/15 |
|
MXSGX |
Great-West Small Cap Growth Fund |
Effective immediately, Christopher Guinther is no longer a portfolio manager to the fund. |
Michael Sansoterra and Sandeep Bhatia remain. |
5/15 |
|
HERAX |
Hartford Emerging Markets Equity Fund, formerly Hartford Emerging Markets Research Fund, has also undergone a strategy change and fee reduction. |
Cheryl Duckworth is no longer listed as a portfolio manager |
David Elliot has taken over as portfolio manager |
5/15 |
|
HFRAX |
Highland Floating Rate Opportunities Fund |
No one, but . . . |
Chris Mawn (former manager of Highland Opportunistic Credit Fund) joins Mark Okada in managing the fund |
5/15 |
|
HNRAX |
Highland Opportunistic Credit Fund |
Chris Mawn will no longer serve as a portfolio manager to the fund, as he moves over to help manage the Highland Floating Rate Opportunities Fund |
Trey Parker joins James Dondero in managing the fund |
5/15 |
|
HCGAX |
HSBC Emerging Markets Debt Fund |
Phil Yuhn will no longer serve as a portfolio manager to the fund |
Guillermo Ariel Ossés, Lisa Chua, and Vinayak Potti remain on the fund. |
5/15 |
|
HBMAX |
HSBC Emerging Markets Local Debt Fund |
Phil Yuhn will no longer serve as a portfolio manager to the fund |
Guillermo Ariel Ossés, Lisa Chua, and Vinayak Potti remain on the fund. |
5/15 |
|
HTRAX |
HSBC Total Return Fund |
Phil Yuhn will no longer serve as a portfolio manager to the fund |
Guillermo Ariel Ossés, Lisa Chua, and Vinayak Potti remain on the fund. |
5/15 |
|
MKNAX |
Invesco Global Market Neutral Fund |
Karl Georg Bayer is no longer a portfolio manager |
Michael Abata, Uwe Draeger, Nils Huter, Charles Ko, Jens Langewand, and Andrew Waisburd remain. |
5/15 |
|
LVLAX |
Invesco Low Volatility Emerging Markets Fund |
Karl Georg Bayer is no longer a portfolio manager on this not-noticeably-low volatility fund |
Michael Abata, Uwe Draeger, Nils Huter, Charles Ko, Jens Langewand, and Andrew Waisburd remain. |
5/15 |
|
IREAX |
Ivy Global Real Estate Fund |
Ernst-Jan de Leeuw is no longer listed as a portfolio manager |
Stanley Kraska Jr., George Noon, and Keith Pauley are joined by Matthew Sgrizzi |
5/15 |
|
IVRAX |
Ivy Global Risk-Managed Real Estate Fund |
Ernst-Jan de Leeuw is no longer listed as a portfolio manager |
Stanley Kraska Jr., George Noon, and Keith Pauley are joined by Matthew Sgrizzi |
5/15 |
|
RGROX |
JHancock Select Growth Fund |
Ian Tabberer is no longer the portfolio manager of the fund |
Gary Robinson is the new portfolio manager of the fund. |
5/15 |
|
LCORX |
Leuthold Core Investment I Fund |
Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds. Despite a sort of goofy official portrait, Matt struck us as solid and thoughtful, and we wish him well with his new endeavors. |
Doug Ramsay and Chun Wang remain and are likely to pick up a co-manager or two from Leuthold’s analyst corps. |
5/15 |
|
LGINX |
Leuthold Global Industries Fund |
Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds. |
The Leuthold Funds will add current employees familiar with the internal processes to the portfolio teams. |
5/15 |
|
GLBLX |
Leuthold Global Fund |
Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds. |
The Leuthold Funds will add current employees familiar with the internal processes to the portfolio teams. |
5/15 |
|
LSLTX |
Leuthold Select Industries Fund |
Effective as of June 30, 2015, Matthew Paschke is taking a leave of absence from The Leuthold Group to pursue other personal interests, and will no longer serve as a portfolio manager of the Leuthold Funds. |
The Leuthold Funds will add current employees familiar with the internal processes to the portfolio teams. |
5/15 |
|
EAPEX |
Parametric Emerging Markets Core Fund |
David Stein is no longer listed as a portfolio manager of the fund |
Timothy Atwill and Thomas Seto will carry on. |
5/15 |
|
ETIGX |
Parametric Tax-Managed International Equity Fund |
David Stein is no longer listed as a portfolio manager of the fund |
Thomas Seto and Paul Bouchey will carry on. |
5/15 |
|
LSEAX |
Persimmon Long/Short Fund |
No one, but . . . |
Ken Cavazzi joins the other eleven managers on the fund. Twelve guys on a $30 million fund might help explain the 3.29% e.r. |
5/15 |
|
PATHX |
PIMCO EqS Pathfinder Fund |
Anne Gudefin, the star manager brought in when the fund was launched, is no longer listed as a portfolio manager of the fund |
Virginie Maisonneuve and Geraldine Sundstrom |
5/15 |
|
STCIX |
RidgeWorth Large Cap Growth Stock Fund |
Christopher Guinther is no longer a portfolio manager |
Michael Sansoterra and Sandeep Bhatia remain. |
5/15 |
|
SCGIX |
RidgeWorth Small Cap Growth Stock Fund |
Christopher Guinther is no longer a portfolio manager |
Michael Sansoterra and Sandeep Bhatia remain. |
5/15 |
|
SGEAX |
Salient Global Equity Fund |
Ajay Mehra is no longer listed as a portfolio manager |
Lee Partridge continues on as sole portfolio manager |
5/15 |
|
FILFX |
Strategic Advisers International Fund |
No one, but . . . |
Stephanie Braming joins the extensive team |
5/15 |
|
FBAAX |
SunAmerica Focused Balanced Strategy |
Kara Murphy, Timothy Pettee and Timothy Campion are no longer listed as portfolio managers |
Douglas Loeffler will serve as the portfolio manager |
5/15 |
|
FASAX |
SunAmerica Focused Multi-Asset Strategy |
Kara Murphy, Timothy Pettee and Timothy Campion are no longer listed as portfolio managers |
Douglas Loeffler will serve as the portfolio manager |
5/15 |
|
TGGEX |
TCW Growth Equities Fund |
Mike Olson has ceased to be a portfolio manager of the fund. |
Chang Lee has assumed full responsibilities as the sole portfolio manager. |
5/15 |
|
TGSCX |
TCW Small Cap Growth Fund |
Mike Olson has ceased to be a portfolio manager of the fund. |
Chang Lee has assumed full responsibilities as the sole portfolio manager. |
5/15 |
|
TGSDX |
TCW SMID Cap Growth Fund |
Mike Olson has ceased to be a portfolio manager of the fund. |
Chang Lee has assumed full responsibilities as the sole portfolio manager. |
5/15 |
|
TSNAX |
Touchstone Sands Capital Select Growth Fund |
No one, but . . . |
Franks Sands, Jr. has been joined by Thomas Ricketts and A. Michael Sramek. |
5/15 |
|
TEQAX |
Touchstone Sustainability and Impact Equity Fund, formerly Touchstone Large Cap Growth Fund |
Interim portfolio manager, Wayne Hollister, is no longer interim-ing. |
Jimmy Chang, Farha-Joyce Haboucha, and David Harris are now managing the fund. |
5/15 |
|
TTAAX |
Transamerica Dynamic Allocation II, formerly Transamerica Tactical Allocation, has undergone a complete reorganization |
Doug Weih, David Halfpap, and Frank Rybinski are no longer listed as portfolio managers to the fund |
Prashant Chandran, S. Kenneth Leech, Y. Wayne Lin, Thomas Picciochi, and Ellen Tesler are now the portfolio managers |
5/15 |
|
ATTRX |
Transamerica Dynamic Allocation, formerly Transamerica Tactical Rotation, has undergone a complete reorganization |
Doug Weih, David Halfpap, and Frank Rybinski are no longer listed as portfolio managers to the fund |
Prashant Chandran, S. Kenneth Leech, Y. Wayne Lin, Thomas Picciochi, and Ellen Tesler are now the portfolio managers |
5/15 |
|
IGTAX |
Transamerica Dynamic Income, formerly Transamerica Tactical Income, has undergone a complete reorganization |
Doug Weih, David Halfpap, and Frank Rybinski are no longer listed as portfolio managers to the fund |
Y. Wayne Lin, Thomas Picciochi, and Ellen Tesler are now the portfolio managers |
5/15 |
|
TMCGX |
Turner Emerging Growth Fund |
Peter Niedland is no longer listed as a portfolio manager |
Richard Gould joins Jason Schrotberger in managing the fund |
5/15 |
|
TSCEX |
Turner Small Cap Growth Fund |
Peter Niedland is no longer listed as a portfolio manager |
Richard Gould joins Jason Schrotberger in managing the fund |
5/15 |
|
VWUSX |
Vanguard U.S. Growth Fund |
Ian Tabberer is no longer listed as a portfolio manager |
Gary Robinson joins the team of Kathleen McCarragher, Blair Boyer, David Ricci, Jeffrey Van Harte, Andrew Shilling, Daniel Prislin, James Golan, Christopher Ericksen, and Christopher Bonavico |
5/15 |
|
VWNDX |
Vanguard Windsor Fund |
No one, but . . . |
Benjamin Silver joins Richard Pzena, John Goetz, and James Mordy on the management team |
5/15 |
|
WUSAX |
Wanger USA |
No one yet, but Robert Mohn, lead portfolio manager, will step down in the fourth quarter of 2015. |
William Doyle will remain on the fund |
5/15 |
Manager changes, April 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 |
|
AHFAX |
Aurora Horizons Fund |
No one, but . . . |
Gregory Schneiderman and Patrick Sheedy will join Justin Sheperd, Scott Schweighauser, Anne Morley, and Roxanne Martino, as Pine River Capital Management is added as an eleventh subadvisor to the fund |
4/15 |
|
BLSAX |
BlackRock Emerging Markets Long/Short Equity Fund |
Rodolfo Martell is no longer listed as a portfolio manager on the fund |
Jeff Shen is joined by Dan Blumhardt and Clint Newman. |
4/15 |
|
BAGEX |
BMO Pyrford Global Equity Fund |
Bruce Campbell is no longer listed as a portfolio manager |
Suhail Arain, Tony Cousins, Daniel McDonagh, and Paul Simons will carry on |
4/15 |
|
BPIAX |
BMO Pyrford International Stock Fund |
Bruce Campbell is no longer listed as a portfolio manager |
Tony Cousins, Daniel McDonagh, and Paul Simons will carry on |
4/15 |
|
CALSX |
Calamos Long/Short Fund |
Naveen Yalamanchi and Himanshu Sheth are no longer listed as portfolio managers |
Gary Black, John Calamos, Daniel Fu, Brendan Maher, and Matthew Wolfson remain on the fund |
4/15 |
|
LACAX |
Columbia Acorn Fund |
Robert Mohn will be stepping down near the end of the year |
David Frank will be joined by P. Zachary Egan |
4/15 |
|
LAUAX |
Columbia Acorn USA |
Robert Mohn will be stepping down near the end of the year |
William Doyle will remain on the fund |
4/15 |
|
EGFFX |
Edgewood Growth Fund |
James Robillard no longer serves as a portfolio manager of the fund |
Alan Breed, Lawrence Creel, Scott Edwardson, Alexander Farman-Farmaian, Peter Jennison, Kevin Seth, and Nicholas Stephens carry on |
4/15 |
|
FAGAX |
Fidelity Advisor Growth Opportunities Fund |
Steven Wymer no longer serves as co-manager of the fund |
Gopal Reddy continues to server as sole portfolio manager |
4/15 |
|
GMAMX |
Goldman Sachs Multi-Manager Alternatives Fund |
GAM International Management is no longer listed as a subadvisor to the fund |
The primary management team, Jason Gottlieb and Ryan Roderick, remain with the fund. |
4/15 |
|
EXCRX |
Manning & Napier Core Bond Fund |
Jack Bauer is no longer listed as a portfolio manager. At about this point Chip, the proprietor of this list, discovered that M&N had changed management on virtually every fund and began grinding her teeth. |
Marc Bushallow and R. Keith Harwood remain on the fund |
4/15 |
|
MNCPX |
Manning & Napier Core Plus Bond Fund |
Jack Bauer is no longer listed as a portfolio manager |
Marc Bushallow and R. Keith Harwood remain on the fund |
4/15 |
|
EXDVX |
Manning & Napier Diversified Tax Exempt |
Jack Bauer and James Nawrocki are no longer listed as portfolio managers |
Elizaveta Akselrod and Marc Bushallow have taken over portfolio management |
4/15 |
|
MDOIX |
Manning & Napier Dynamic Opportunities Fund |
Ebrahim Busheri is no longer a portfolio manager |
Brian Lester and Ajay Sadarangani remain, and are joined by Habibe Hakiqi |
4/15 |
|
MNIEX |
Manning & Napier Emerging Markets Fund |
Jeffrey Herrmann and Marc Tommasi are no longer listed as portfolio managers of the fund |
Christian Andreach remains, and is joined by Muris Demirovic, Brian Ecker, and Ben Rozen. |
4/15 |
|
MNFIX |
Manning & Napier Focused Opportunities Fund |
Walter Stackow is no longer a portfolio manager |
John Mitchell and Robert Pickels are joined by William Moore in managing the fund |
4/15 |
|
MNGIX |
Manning & Napier Global Fixed Income Fund |
Jack Bauer is no longer listed as a portfolio manager |
Marc Bushallow, Marc Tommasi, and R. Keith Harwood remain on the fund |
4/15 |
|
MNHAX |
Manning & Napier High Yield Bond Fund |
Jack Bauer is no longer listed as a portfolio manager |
Marc Bushallow and R. Keith Harwood remain on the fund |
4/15 |
|
EXWAX |
Manning & Napier World Opportunities Fund |
Christian Andreach, Jeffrey Coons, Ebrahim Busheri, Brian Gambill, Jeffrey Herrmann, Brian Lester, Michael Magiera, Christopher Petrosino, Robert Pickels, and Virge Trotter are no longer portfolio managers of the fund |
Marc Tommasi, Ben Rosin, and Ebrahim Busheri remain, and are joined by Ajay Sadarangani. |
4/15 |
|
MNIIX |
Manning and Napier International Fund |
Sidharth Abrol is no longer a portfolio manager |
Marc Tommasi and Ben Rosin are joined by Robert Crawford and Scott Shattuck |
4/15 |
|
QVGIX |
Oppenheimer Global Allocation Fund |
No one, but . . . |
Mark Hamilton and Benjamin Rockmuller are joined by Dokyoung Lee and Alessio de Longis |
4/15 |
|
PWAGX |
Pathway Advisors Aggressive Growth Fund |
No one, but . . . |
James Worden joins David Schauer in managing the fund |
4/15 |
|
PWCNX |
Pathway Advisors Conservative Fund |
No one, but . . . |
James Worden joins David Schauer in managing the fund |
4/15 |
|
PIPGX |
Philadelphia Investment Partners New Generation Fund |
“Joseph Duncan is no longer the Vice President or Portfolio Manager of Philadelphia Investment Partners, LLC, and is no longer affiliated with the Fund, Trust, or Adviser in any capacity.” Do you suppose Joseph was naughty? |
Peter Zeuli continues on as the sole portfolio manager |
4/15 |
|
SBMBX |
Saratoga Energy & Basic Materials Fund |
Salil Sharma is no longer listed as a portfolio manager |
David Cohen continues as sole portfolio manager |
4/15 |
|
SNTNX |
Sentinel Mid Cap Fund |
Carole Hersam will resign at the end of May, 2015 |
Jason Ronovech will continue as the sole portfolio manager |
4/15 |
|
SAGWX |
Sentinel Small Company Fund |
Carole Hersam will resign at the end of May, 2016 |
Jason Ronovech will continue as the sole portfolio manager |
4/15 |
|
WAEGX |
Sentinel Sustainable Mid Cap Opportunities Fund |
Carole Hersam will resign at the end of May, 2017 |
Jason Ronovech will continue as the sole portfolio manager |
4/15 |
|
SPABX |
SilverPepper Merger Arbitrage Fund |
Daniel Lancz and Jeff O’Brien, along with sub-advisor Glenfinnen Capital, are out. |
Steven Gerbel is in, with sub-advisor Brown Trout Management |
4/15 |
|
PAGEX |
T. Rowe Price Global Real Estate Fund |
David Lee is no longer listed as a portfolio manager |
Nina Jones is the new portfolio manager |
4/15 |
|
PRFEX |
T. Rowe Price Institutional International Growth Equity Fund |
Robert Smith is no longer listed as a portfolio manager |
Richard Clattenburg has taken over as portfolio manager |
4/15 |
|
PRITX |
T. Rowe Price International Stock Fund |
Robert Smith is no longer listed as a portfolio manager after an eight year stint in which he produced modestly average returns for average risk. |
Richard Clattenburg, who hasn’t previously managed a fund, gets his chance to be mediocre here. That’s no knock on Mr. C., but this fund has been doggedly mediocre through several sets of managers. |
4/15 |
|
TEMFX |
Templeton Foreign Fund |
Lisa Myers is no longer listed as a manager of the fund |
Tucker Scott, Norman J. Boersma, James Harper, and Heather Arnold remain |
4/15 |
|
TAGBX |
Templeton Global Balanced Fund |
Lisa Myers is no longer listed as a manager of the fund |
Heather Arnold joins Norman Boersma, James Harper, Michael Hasenstab, and Christopher Molumphy in running the fund. |
4/15 |
|
TEPLX |
Templeton Growth Fund |
Lisa Myers is no longer listed as a manager of the fund |
Tucker Scott, Norman J. Boersma, James Harper, and Heather Arnold remain |
4/15 |
|
TEMWX |
Templeton World Fund |
Lisa Myers is no longer listed as a manager of the fund |
Tucker Scott, Norman J. Boersma, James Harper, and Heather Arnold remain |
4/15 |
|
TEQAX |
Touchstone Large Cap Growth Fund |
Navellier & Associates, Inc. has been terminated as a sub advisor to the fund, and Louis Navellier is no longer a portfolio manager |
Russell Implementation Services will act as an interim advisor until Rockefeller & Company comes on board around May 4th. William Hollister will serve as the portfolio manager until that time. |
4/15 |
|
GBTFX |
US Global Investors All American Equity Fund |
John Derrick no longer serves as a portfolio manager to the fund |
Frank Holmes is joined by Ralph Aldis in managing the fund |
4/15 |
|
USCOX |
US Global Investors China Region Fund |
John Derrick no longer serves as a portfolio manager to the fund |
Frank Holmes and Xian Liang continue on |
4/15 |
|
EUROX |
US Global Investors Emerging Europe Fund |
John Derrick no longer serves as a portfolio manager to the fund |
Frank Holmes is joined by Ralph Aldis in managing the fund |
4/15 |
|
MEGAX |
US Global Investors Holmes Macro Trends Fund |
John Derrick no longer serves as a portfolio manager to the fund |
Frank Holmes and Brian Hicks continue on |
4/15 |
|
NEARX |
US Global Investors Near-Term Tax Free Fund |
John Derrick no longer serves as a portfolio manager to the fund |
Frank Holmes is joined by Ralph Aldis in managing the fund |
4/15 |
|
UGSDX |
US Global Investors US Government Securities Ultra-Short Bond Fund |
John Derrick no longer serves as a portfolio manager to the fund |
Frank Holmes is joined by Ralph Aldis in managing the fund |
4/15 |
|
WRAAX |
Wilmington Multi-Manager Alternatives Fund |
Naveen Yalamanchi and Himanshu Sheth are no longer listed as portfolio managers |
The rest of the team remains for now. |
4/15 |
Manager changes, March 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 |
|
SHKIX |
Aftershock Strategies Fund |
Dr. John David Wiedemer and Robert Wiedemer are no longer portfolio managers of the fund. |
Daniel Cohen remains as the sole portfoliio manager |
3/15 |
|
ELSAX |
Altegris Equity Long Short Fund |
Joseph Jolson and Jim Fowler are no longer listed as portfolio managers to the fund. |
Richard Schimel has joined the remainder of the team of Robert Murphy, Eric Bundonis, Don Destino, Kelly Wiesborck, Robert Kim, and Richard Chilton. |
3/15 |
|
BCSAX |
BlackRock Commodity Strategies Fund |
Catherine Raw is no longer listed as a portfolio manager of the fund |
Robin Batchelor, Evy Hambro, Poppy Allonby, Rob Shimell, and Ricardo Fernandez continue to run the fund |
3/15 |
|
BDHAX |
BlackRock Dynamic High Income |
Lutz-Peter Wilke is no longer listed as a portfolio manager |
Alex Shingler joins Justin Christofel and Michael Fredericks in running the fund. |
3/15 |
|
BAICX |
BlackRock Multi-Asset Income |
Lutz-Peter Wilke is no longer listed as a portfolio manager |
Alex Shingler joins Justin Christofel and Michael Fredericks in running the fund. |
3/15 |
|
BRRAX |
BlackRock Multi-Asset Real Return Fund |
In a sort of trifecta, Lutz-Peter Wilke is no longer listed as a portfolio manager here, either. |
Justin Christofel, Michael Fredericks, Philip Green, and Sunder Ramkumar continue to run the fund. |
3/15 |
|
CSIFX |
Calvert Balanced Fund |
Calvert has removed Profit Investment Management as a subadvisor to the fund, as well as Eugene Profit as a portfolio manager |
The rest of the team, Natalie Trunow, Matthew Duch, Vishal Khanduja, and Joshua Linder, remains. |
3/15 |
|
CWVGX |
Calvert International Equity Fund |
Martin Currie has been removed as a subadvisor to the fund, along with portfolio manager David Sheasby. Fabrice Bay is also no longer listed as a portfolio manager. |
Natalie Trunow remains as the sole portfolio manager on the fund. |
3/15 |
|
CULAX |
Calvert Ultra-Short Income Fund |
No one, but . . . |
Brian Ellis has been added to the team of Vishal Khanduja, Matthew Duch, and Maurice Agudelo |
3/15 |
|
NIEQX |
Columbia Multi-Advisor International Equity Fund, whose name will become Columbia Select International Equity Fund on May 1st. |
Dan Ison, Fred Copper, and Colin Moore are no longer listed as portfolio managers |
Simon Haines, William Davies, and David Dudding comprise the new management team |
3/15 |
|
GBRAX |
Goldman Sachs BRIC Fund |
Edward Perkin and Alina Chiew are no longer listed as portfolio managers for the fund |
Prashant Khemka and Basak Yavuz will be managing the fund. |
3/15 |
|
GEMAX |
Goldman Sachs Emerging Markets Equity Fund |
Edward Perkin and Alina Chiew are no longer listed as portfolio managers for the fund |
Prashant Khemka and Basak Yavuz will be managing the fund. |
3/15 |
|
GISAX |
Goldman Sachs International Small Cap Fund |
Aidan Farrell no longer serves on the fund. |
Gaurav Rege carries on as the sole portfolio manager. |
3/15 |
|
HEMAX |
Henderson Emerging Markets Fund (formerly Henderson Emerging Market Opportunities) |
The entire current team of Nicholas Cowley, Bill McQuaker, Stephen Peak, Andrew Mattlock, and Andrew Gillan, has been removed, as part of a name and strategy change. |
Glen Finegan is lead portfolio manager of the fund. |
3/15 |
|
AACFX |
Invesco China Fund |
Joseph Tang is no longer listed as the portfolio manager of this fund |
Mike Shiao has taken over as portfolio manager |
3/15 |
|
VVOAX |
Invesco Value Opportunity Fund |
Yoginder Kak and Jason Leder are out, possibly as part of a strategy change. |
R. Canon Coleman, Jonathan Edwards, and Jonathan Mueller are the new managers to the fund. |
3/15 |
|
JAMVX |
Janus Aspen Perkins Mid Cap Value Fund |
Jeffrey Kautz is no longer listed as a portfolio manager |
Thomas Perkins and Kevin Preloger are joined by Justin Tugman. |
3/15 |
|
BELAX |
Modern Technology Fund |
Marc Lewis is no longer the portfolio manager of the fund |
The new team is David Morton, Peter DeCaprio, and Andrew Tuttle. Our advice: don’t get comfortable, this microscopic, spectacularly bad fund tends to eat a team a year. |
3/15 |
|
TMFEX |
Motley Fool Epic Voyage Fund |
Tim Hanson has taken a new position at The Motley Fool, LLC (bye, Tim!) and will no longer serve as a senior portfolio manager for the fund. |
The remainder of the team, William Mann, William Barker, Anthony Arsta, Nathan Weisshaar, Bryan Hinmon, David Meier, and Charles Travers, remain. |
3/15 |
|
TMFGX |
Motley Fool Great America Fund |
Tim Hanson has taken a new position at The Motley Fool, LLC, and will no longer serve as a senior portfolio manager for the fund. |
The remainder of the team, William Mann, William Barker, Anthony Arsta, Nathan Weisshaar, Bryan Hinmon, David Meier, and Charles Travers, remain. |
3/15 |
|
FOOLX |
Motley Fool Independence Fund |
Tim Hanson has taken a new position at The Motley Fool, LLC, and will no longer serve as a senior portfolio manager for the fund. |
The remainder of the team, William Mann, William Barker, Anthony Arsta, Nathan Weisshaar, Bryan Hinmon, David Meier, and Charles Travers, remain. |
3/15 |
|
OEMAX |
Oppenheimer Emerging Markets Local Debt Fund |
Sara Zervos is no longer listed as a portfolio manager for the fund |
Hemant Baijal continues to run the fund |
3/15 |
|
OGYAX |
Oppenheimer Global High Yield Fund |
Jack Brown, Krishna Memani, and Sara Zervos are no longer listed as portfolio managers on the fund. |
Young-Sup Lee has been joined by Michael Mata and Christopher Kelly. |
3/15 |
|
OPSIX |
Oppenheimer Global Strategic Income Fund |
Jack Brown and Sara Zervos are no longer listed as portfolio managers on the fund. |
Hemant Baijal joins Michael Mata and Krishna Memani in running the fund |
3/15 |
|
OIBAX |
Oppenheimer International Bond Fund |
Sara Zervos is no longer listed as a portfolio manager for the fund |
Christopher Kelly joins Hemant Baijal in running the fund |
3/15 |
|
JDPAX |
Perkins Mid Cap Value Fund |
Jeffrey Kautz is no longer listed as a portfolio manager |
Thomas Perkins and Kevin Preloger are joined by Justin Tugman. |
3/15 |
|
JPVAX |
Perkins Value Plus Income Fund |
Jeffrey Kautz is no longer listed as a portfolio manager |
Theodore Thome, R. Gibson Smith, and Darrell Watters will remain on the fund |
3/15 |
|
FLILX |
Strategic Advisers Emerging Markets Fund of Funds |
No one, but . . . |
M&G Investment Management has been added as a new subadviser, joining Pyramis Global Advisors and Acadian Asset Management |
3/15 |
|
FMJDX |
Strategic Advisers International Fund |
No one, but . . . |
Arrowstreet Capital has been added as a new subadvisor, joining Causeway Capital Management, Massachusetts Financial Services Company, Pyramis Global Advisors, TS&W, and William Blair & Company |
3/15 |
|
FNAPX |
Strategic Advisers Small-Mid Cap Fund |
Massachusetts Financial Services Company is no longer a subadvisor to the fund. |
Portolan Capital Management has been added as a new subadvisor to the fund, joining Advisory Research, The Boston Company Asset Management, Fisher Investments, Invesco Advisers, Kennedy Capital Management, Neuberger Berman Management, Pyramis Global Advisors, RS Investment Management, and Systematic Financial Management. |
3/15 |
|
TGIBX |
TCW International Growth Fund |
Rohit Sah is no longer listed as a portfolio manager |
Andrey Glukhov and Ray Prasad remain with the fund. |
3/15 |
|
TGICX |
TCW International Small Cap Fund |
Rohit Sah is no longer listed as a portfolio manager |
Andrey Glukhov and Ray Prasad remain with the fund. |
3/15 |
|
TFCVX |
Third Avenue Focused Credit Fund |
Edwin Tai is no longer listed as a portfolio manager |
Thomas LaPointe, Nathaniel Kirk, and Joseph Zalewski remain with the fund |
3/15 |
|
TPEAX |
Thrivent Partner Emerging Markets Equity Fund |
Rafi Zaman has retired and is no longer listed as a portfolio manager to the fund |
The new management team members are Hugh Young, Fiona Manning, Joanne Irvine, Devan Kaloo, and Mark Gordon-James |
3/15 |
|
TSWEX |
TS&W Equity Fund |
Elizabeth Cabell Jennings is no longer serving as a portfolio manager. |
Paul Ferwerda continues on. |
3/15 |
|
VDGAX |
Victory Dividend Growth Fund |
As part of a change in investment strategy, Gregory Ekizian is no longer listed as a portfolio manager. |
Lawrence Babin, Paul Danes, Carolyn Rains, Martin Shagrin, and Thomas Uutala comprise the new management team. |
3/15 |
|
EGOAX |
Wells Fargo Advantage Large Cap Core Fund |
No one, but . . . |
John Campbell has joined Jeff Moser in managing the fund |
3/15 |
Manager changes, February 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 |
|
AOFAX |
Alger Growth Opportunities Fund |
Jill Greenwald is no longer listed as portfolio manager of the fund |
Amy Zhang is now portfolio manager of the fund; kudos to Alger for actually recognizing the fact – unknown to most of the industry – that women can be first-rate managers on first-rate funds. |
2/15 |
|
AHSAX |
Alger Health Sciences Fund |
Joel Emery is no longer listed as a portfolio manager |
Teresa McRoberts joins Dan Chung in managing the fund |
2/15 |
|
AMGAX |
Alger Mid Cap Growth Fund |
Joel Emery is no longer listed as a portfolio manager |
Teresa McRoberts joins Christopher Walsh, Brian Schulz, Michael Melnyk, Alex Goldman, and Ankur Crawford on the management team |
2/15 |
|
ALSAX |
Alger Small Cap Growth Fund |
No one, but . . . |
Jill Greenwald is joined by Amy Zhang in managing the fund |
2/15 |
|
FXDAX |
Altegris Fixed Income Long Short Fund |
No one, but . . . |
MAST Capital Management has been added as a subadvisor with Joe Lu, Peter Reed, and David Steinberg joining the existing team of Eric Bundonis, Robert Murphy, Kevin Schweitzer and Anilesh Ahuja. |
2/15 |
|
MCRAX |
Altegris Macro Strategy Fund |
No one, but . . . |
PhaseCapital has been added as a subadvisor with Pinaki Chatterjee and Geoffrey Goodell joining the team of Robert Murphy, Eric Bundonis, and John Tobin. |
2/15 |
|
MBDFX |
AMG Managers Total Return Bond Fund |
PIMCO is no longer a subadvisor to the fund and Mihir Worah, Scott Mather, and Mark Kiesel are no longer portfolio managers. |
Mary Kane, of subadvisor Gannet Welsh & Kotler, is the new portfolio manager. |
2/15 |
|
AHFAX |
Aurora Horizons Fund |
No one, but . . . |
Feingold O’Keeffe Capital has been added as a subadvisor. |
2/15 |
|
BMCRX |
BlackRock Flexible Equity Fund |
Timothy Keefe is no longer listed as a portfolio manager on the fund |
Peter Stournaras takes over portfolio management of the fund |
2/15 |
|
BGORX |
BlackRock Global Opportunities |
No one, but . . . |
Simon McGeough joined Thomas Callan and Ian Jamieson in managing the fund |
2/15 |
|
BREAX |
BlackRock International Opportunities |
No one, but . . . |
Simon McGeough joined Thomas Callan and Ian Jamieson in managing the fund |
2/15 |
|
BMMAX |
BlackRock Multi-Manager Alternative Strategies Fund |
No one, but . . . |
Achievement Asset Management has been added as a subadvisor, joining Independence Capital Asset Partners, LLC; LibreMax Capital, LLC; Meehan Combs, LP; Benefit Street Partners, LLC; and QMS Capital Management, LP. |
2/15 |
|
BRTNX |
Bretton Fund |
No one, but . . . |
Stephen Dodson will be joined by Raphael de Balmann in managing the fund and co-owning the adviser. |
2/15 |
|
BCSIX |
Brown Capital Management Small Company Fund |
Amy Zhang leaves for an opportunity to manage her own fund, Alger Growth Opportunities (AOFAX). |
Robert Hall, Keith Lee, Kempton Ingersol, Damien Davis, and Andrew Fones remain. |
2/15 |
|
LEGAX |
Columbia Large Cap Growth Fund |
No one, but . . . |
Tchintcia Barrows joins John Wilson and Peter Deininger in managing the fund |
2/15 |
|
DDMAX |
Deutsche Diversified Market Neutral Fund |
Henderson Alternative Investment Advisor Ltd. will be resigning as a subadvisor in mid-May. |
GAM International Management Limited will remain |
2/15 |
|
FABLX |
Fidelity Advisor Balanced Fund |
Ford O’Neil is no longer listed as a portfolio manager |
Pramod Atluri has joined the team of Robert Stansky, Steven Kaye, Robert Lee, Douglas Simmons, Pierre Sorel, Peter Saperstone, Tobias Welo, Brian Lempel, Jonathan Kasen, and Monty Kori. |
2/15 |
|
FGBLX |
Fidelity Global Balanced Fund |
Risteard Hogan is off here after a year but remains at Fido Canada. |
The rest of the team, Ruben Calderon, Geoff Stein, Andy Weir, John Lo, Stephen DuFour, Maria Nikishkova, and Stefan Lindblad, remains |
2/15 |
|
FBNDX |
Fidelity Investment Grade Bond Fund |
No one, but . . . |
Pramod Alturi joins Jeffrey Moore in managing the fund |
2/15 |
|
GCMAX |
Goldman Sachs Mid Cap Value Fund |
No one, but . . . |
Timothy Ryan joins the management team of Sean Gallagher, Andrew Braun, and Dolores Bamford |
2/15 |
|
HRMDX |
Heartland Mid Cap Value Fund |
Theodore Baszler has retired. |
Will Nasgovitz joins Colin McWey as a co-manager of the fund |
2/15 |
|
HRSVX |
Heartland Select Value Fund |
Theodore Baszler has retired. |
Colin McWey will join David Fondrie and Will Nasgovitz as a co-manager on the fund |
2/15 |
|
HDPBX |
Hodges Blue Chip 25 Fund |
Don Hodges has passed away at the age of 80 |
Gary Bradshaw, Craig Hodges, and Eric Marshall remain |
2/15 |
|
HDPEX |
Hodges Equity Income Fund |
Don Hodges has passed away at the age of 80 |
Gary Bradshaw, Craig Hodges, and Eric Marshall remain |
2/15 |
|
HDPMX |
Hodges Fund |
Don Hodges has passed away at the age of 80 |
Eric Marshall will join Craig Hodges as co-portfolio manager to the fund |
2/15 |
|
HDPCX |
Hodges Pure Contrarian Fund |
Don Hodges has passed away at the age of 80 |
Gary Bradshaw, Craig Hodges, and Eric Marshall remain |
2/15 |
|
HDPSX |
Hodges Small Cap Fund |
Don Hodges has passed away at the age of 80 |
Craig Hodges, Gary Bradshaw, and Eric Marshall remain |
2/15 |
|
HDSVX |
Hodges Small Intrinsic Value Fund |
Craig Hodges is no longer listed as a portfolio manager. |
Gary Bradshaw, Eric Marshall, Derek Maupin, and Chris Terry remain |
2/15 |
|
HDSMX |
Hodges Small-Mid Cap Fund |
Don Hodges has passed away at the age of 80 |
Gary Bradshaw, Craig Hodges, and Eric Marshall remain |
2/15 |
|
INHAX |
Inflation Hedges Strategy Fund |
Jeffrey Heuer and Lindsay Politi are out, and Wellington Management Company will no longer be a subadvisor to the fund. |
The rest of the extensive team remains. |
2/15 |
|
INHAX |
Inflation Hedges Strategy Fund |
Alec Petro passed away on December 21, 2014 |
The rest of the team remains. |
2/15 |
|
JVTAX |
Janus Venture Fund |
Maneesh Modi is no longer listed on the fund |
Jonathan Coleman remains as the sole portfolio manager |
2/15 |
|
OWLSX |
Old Westbury Large Cap Strategies Fund |
No one, but . . . |
Harding Loevner has been added as a subadvisor to the fund, and is responsible for day-to-day management. Consequently, Rusty Johnson, Craig Shaw, Pradipta Chakrabortty, Scott Crawshaw and Richard Schmidt have been added to the management team. Messrs. Johnson and Shaw will be co-lead portfolio managers. |
2/15 |
|
PBAAX |
PNC Balanced Allocation Fund |
Andrew Harding is no longer listed as a portfolio manager |
Sean Rhoderick will take over Mr. Harding’s portfolio management responsibilities. |
2/15 |
|
RHFRX |
Royce Heritage Fund |
No one, but . . . |
Steven McBoyle becomes the fund’s lead portfolio manager. Charles Royce and James Harvey continue to manage the fund with him. |
2/15 |
|
RINSX |
Russell International Developed Markets Fund |
James Carpenter and Philip Hoffman are no longer listed as portfolio managers |
Jon Eggins is now the portfolio manager |
2/15 |
|
RTIYX |
Russell Select International Equity Fund |
James Carpenter and Philip Hoffman are no longer listed as portfolio managers |
Jon Eggins is now the portfolio manager |
2/15 |
|
SNAEX |
Shroder North American Equity Fund |
Liane Evans has resigned from the fund. |
The rest of the team, Stuart Adrian, Stephen Langford, Ben Corris, James Larkman, and Jason Abercrombie, remain. |
2/15 |
|
THDAX |
Thornburg Developing World Fund |
Lewis Kaufman, the fund’s star manager, has decamped for the opportunity to manage a new Artisan fund. |
Ben Kirby and Charles Wilson are the new portfolio managers |
2/15 |
|
TSCGX |
Touchstone Capital Growth Fund |
Ashfield Capital Partners is out as a subadvisor to the fund. As a result, Gregory Jones, Peter Johnson, J. Stephen Lauck, and Marc Lieberman are no longer listed as portfolio managers. |
Russell Implementation Services will act as an interim advisor until The London Company comes on board at the end of April. William Hollister will serve as the portfolio manager until that time. |
2/15 |
|
IHIYX |
Transamerica High Yield Bond Fund |
Bradley Beman is no longer listed as a portfolio manager |
Kevin Bakker and James Schaeffer move up to co-lead portfolio manager positions. Benjamin Miller remains on the fund as a portfolio manager |
2/15 |
|
TMSCX |
Turner Medical Sciences Long/Short Fund |
No one, but . . . |
Robert Turner joins Michael Tung in managing the fund |
2/15 |
|
TSPCX |
Turner Spectrum |
No one, but … |
Mr. Turner has now added himself and his two sons to the management team; son Eric in mid-2014, himself and son Michael in early 2015. Not entirely clear that a $50 million fund needed three more managers but, hey, when you own the company … |
|
|
VPDAX |
Vantagepoint Diversifying Strategies Fund |
No one, but . . . |
Stuart Spangler was added as a portfolio manager, joining Mark Shenkman |
2/15 |
|
SSVSX |
Victory Special Value Fund |
As part of a change in investment strategy, Gregory Ekizian is no longer listed as a portfolio manager. |
Lawrence Babin, Paul Danes, Carolyn Rains, Martin Shagrin, and Thomas Uutala comprise the new management team. |
2/15 |
|
NTKLX |
Voya Multi-Manager International Small Cap Fund |
No one, but . . . |
Victory Capital Management has been added as a subadvisor to the fund. |
2/15 |
|
WTEIX |
Westcore Growth Fund |
Ross Moscatelli is no longer a portfolio manager |
Craig Juran will continue on. |
2/15 |
|
WRAAX |
Wilmington Multi-Manager Alternatives Fund |
Loeb King Capital will no longer be a subadvisor to the fund as part of their larger withdrawal from the fund world. |
Calamos Advisors, Highland Capital Management, and Highland Capital Healthcare Advisors will become new subadvisors to the fund. The list of old, new, continuing, provisional, and assistant night shift managers is extensive: 19. |
2/15 |
|
ZLSCX |
Ziegler Strategic Income |
Sergio Castellon left in January |
Brian Schuster joins Paula Horn in managing the fund. |
2/15 |
Manager changes, January 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 |
|
AFNAX |
AAM/Bahl & Gaynor Income Growth Fund |
No one, but . . . |
James Russell joins the extensive team |
1/15 |
|
AFXAX |
American Beacon Flexible Bond Fund |
Sauimil Parikh has left the team |
Marc Seidner joined the team |
1/15 |
|
MMCFX |
AMG Managers Emerging Opportunities Fund |
Donald Longlet no longer serves as a portfolio manager |
Thoman Dignard has joined the other 12 people on the team |
1/15 |
|
BFSAX |
BFS Equity Fund |
No one, but . . . |
In a slight shuffle, Keith LaRose is no longer the lead portfolio manager, but he remains a co-manager on the fund. Timothy Foster steps up to lead manager position. Thomas Sargent remains as a co-portfolio manager. |
1/15 |
|
BEEAX |
BlackRock Emerging Market Allocation Portfolio |
David Dali is out, after only five months as a portfolio manager. |
Jeff Shen and Gerardo Rodriguez carry on. |
1/15 |
|
BMMAX |
BlackRock Multi-Manager Alternative Strategies Fund |
Loeb King Capital Management will no longer be a sub-adviser to the fund because, well, Loeb King is getting out of the business entirely. |
The other sub-advisers will take over the portion of the fund formerly managed by Loeb King. |
1/15 |
|
BUFHX |
Buffalo High Yield Fund |
No one, but . . . |
Jeffrey Deardorff has joined Paul Dlugosch, Alexander Hancock, and Jeffrey Sitzmann in managing the fund |
1/15 |
|
BUFSX |
Buffalo Small Cap Fund |
John Bichelmeyer no longer serves as a portfolio manager |
Jamie Cuellar has joined the team of Kent Gasaway and Robert Male to manage the fund. |
1/15 |
|
MLOAX |
Cohen & Steers Mlp & Energy Opportunity Fund |
No one, but . . . |
Robert Becker and Benjamin Morton are joined by Tyler Rosenlicht |
1/15 |
|
NMGIX |
Columbia Marsico Growth Fund |
No one, but . . . |
Kevin Boone joins Coralie Witter and Thomas Marsico on the fund management team. |
1/15 |
|
CGOAX |
Columbia Small Cap Growth Fund I |
No one, but . . . |
Daniel Cole joins Wayne Collette, Lawrence Lin, and Rahul Narang as a comanager on the fund |
1/15 |
|
AAAAX |
Deutsche Alternative Asset Allocation Fund |
No one, but . . . |
Pankah Bhatnagar and Darwei Kung are joined by John Vojticek |
1/15 |
|
ETEGX |
Eaton Vance Small-Cap Fund |
No one, but . . . |
Michael McLean and J. Griffith Noble have joined Nancy Tooke in managing the fund. |
1/15 |
|
EVSEX |
Eaton Vance Special Equities Fund |
No one, but . . . |
Michael McLean and J. Griffith Noble have joined Nancy Tooke in managing the fund. |
1/15 |
|
SAOAX |
Guggenheim Alpha Opportunity Fund |
Michael Byrum and Ryan Harder are no longer listed as portfolio managers |
Jayson Flowers, Burak Hurmeydan, Samir Sanghai, and Farhan Sharaff are now listed as portfolio managers |
1/15 |
|
HACMX |
Harbor Commodity Real Return Strategy Fund |
No one, but . . . |
Nicholas Johnson and Jeremie Banet joined Mihir Worah as portfolio managers |
1/15 |
|
HARRX |
Harbor Real Return Fund |
No one, but . . . |
Jeremie Banet joined Mihir Worah as portfolio manager |
1/15 |
|
HAUBX |
Harbor Unconstrained Bond Fund |
Sauimil Parikh is no longer listed as a portfolio manager |
Marc Seidner joined Mohsen Fahmi and Daniel Ivascyn as a portfolio manager |
1/15 |
|
NWQAX |
Nuveen NWQ Flexible Income Fund |
Michael Carne is no longer a portfolio manager, an odd and disturbing development since he’s done a splendid job of building a distinctive, conservative little fund here. |
Susi Budiman and Thomas Ray have taken over. |
1/15 |
|
OAFIX |
Optimum Fixed Income Fund |
Sauimil Parikh is no longer listed as a portfolio manager |
Jerome Schneider and Marc Seidner join the team of Christopher Testa, Steven Landis, J. David Hillmeyer, Roger Early, Wen-Dar Chen, and Paul Grillo |
1/15 |
|
PXINX |
Pax MSCI International ESG Index Fund |
No one, but . . . |
Scott LaBreche and Greg Hasevlat join Christopher Brown in managing the fund |
1/15 |
|
PXHAX |
PaxWorld High Yield Bond Fund |
No one, but . . . |
Mary Austin is joined by Kent Siefers |
1/15 |
|
PCLAX |
PIMCO CommoditiesPLUS® Strategy Fund |
No one, but . . . |
Greg Sharenow has joined Nicholas Johnson in managing the fund |
1/15 |
|
PCRAX |
PIMCO CommodityRealReturn Strategy Fund® |
No one, but . . . |
Nicholas Johnson and Jeremie Banet joined Mihir Worah as portfolio managers |
1/15 |
|
PZRMX |
PIMCO Inflation Response Multi-Asset Fund |
No one, but . . . |
Nicholas Johnson joined Mihir Worah as a portfolio manager |
1/15 |
|
PIPAX |
PIMCO International StocksPLUS AR Strategy |
Saumil Parikh |
Mohsen Fahmi and Sudi Mariappa |
1/15 |
|
PRAIX |
PIMCO Real Return Asset Fund |
No one, but . . . |
Jeremie Banet joins Mihir Worah in managing the fund |
1/15 |
|
PRTNX |
PIMCO Real Return Fund |
No one, but . . . |
Jeremie Banet joins Mihir Worah in managing the fund |
1/15 |
|
PETAX |
PIMCO RealEstateRealReturn Strategy Fund |
No one, but . . . |
Nicholas Johnson and Jeremie Banet joined Mihir Worah as portfolio managers |
1/15 |
|
PUBAX |
PIMCO Unconstrained Bond Fund |
Sauimil Parikh is no longer listed as a portfolio manager. |
Marc Seidner joins Mohsen Fahmi and Daniel Ivascyn as a portfolio manager. I wonder what’s up with all the turnover at PIMCO? |
1/15 |
|
PLBBX |
Plumb Balanced Fund |
Timothy O’Brien and Ken Cavalluzzo are no longer associated with the funds. |
Thomas Plumb and Nathan Plumb carry on. |
1/15 |
|
PLBEX |
Plumb Equity Fund |
Timothy O’Brien and Ken Cavalluzzo are no longer associated with the funds. |
Thomas Plumb and Nathan Plumb carry on. |
1/15 |
|
PMDEX |
PMC Diversified Equity Fund |
No one, but . . . |
Janis Zvingelis joins the extensive team |
1/15 |
|
PNRAX |
Putnam Research Fund |
Steven Curbow is no longer listed as a portfolio manager |
Jacquelyne Cavanaugh and Kathryn Lakin join Neil Desai, Aaron Cooper, Walter Scully, Ferat Ongoren, and Kelsey Chen |
1/15 |
|
STCIX |
RidgeWorth Large Cap Growth Stock Fund |
Joe Ransom is no longer listed as a portfolio manager on the fund |
Christopher Guinther, Michael Sansoterra, and Sandeep Bhatia will continue on |
1/15 |
|
SCGIX |
RidgeWorth Small Cap Growth Stock Fund |
Joe Ransom is no longer listed as a portfolio manager on the fund |
Christopher Guinther, Michael Sansoterra, and Sandeep Bhatia will continue on |
1/15 |
|
RSCHX |
RS China Fund |
No one, but . . . |
Michael Ade joins Michael Reynal and Tony Chu in managing the fund. |
1/15 |
|
GBEMX |
RS Emerging Markets Fund |
No one, but . . . |
Michael Ade joins Michael Reynal in managing the fund. |
1/15 |
|
RSMSX |
RS Emerging Markets Small Cap Fund |
No one, but . . . |
Michael Ade and Peter Luo join Michael Reynal in managing the fund |
1/15 |
|
TRECX |
T. Rowe Price Emerging Markets Corporate Bond Fund |
Michael Conelius, the lead guy on Price’s EM bond team, will step down as portfolio manager in October 2015, at which point … |
Samy Muaddi takes over management of the fund. |
1/15 |
|
PACEX |
T. Rowe Price Emerging Markets Corporate Bond Fund Advisor |
Michael Conelius phases out in October 2015 |
Samy Muaddi takes over management of the fund |
1/15 |
|
TASVX |
Target Small Capitalization Value Fund |
As part of a change in strategy and policies, the existing subadvisors are out, along with Morley Campbell, Phillip Hart, Chad Fargason, Dennis Alfff, Robert Weller, Robert Bridges, and John Mowrey. |
Quantitative Management Associates is the new subadvisor. The new portfolio management team consists of Stephen Courtney, Robert Leung, Mitchell Stern, and Deborah Woods. |
1/15 |
|
FINEX |
Templeton Foreign Smaller Companies Fund |
Cynthia Sweeting and Martin Cobb, who were added on the same day in 2011 were also moved off the fund on the same day in 2015. |
Manager Harlan Hodes is joined by David Tuttle, hoping to discover a way out of a four year run of regrettable performance. |
1/15 |
|
HEQFX |
The Henssler Equity Fund |
Theodore Parrish no longer serves as a portfolio manager for the fund |
Gene Henssler, Scott Keller, William Lako, and Troy Harmon remain. |
1/15 |
|
VCVSX |
Vanguard Convertible Securities Fund |
Larry Keele, who cofounded Oaktree and has been managing the fund since 1996, retires in June. |
Stuart Spangler joins the existing team of Larry Keele, Jean-Paul Nedelec, and Abe Ofer |
1/15 |
|
CBEAX |
Wells Fargo Advantage C&B Large Cap Value Fund |
No one, but . . . |
Andrew Armstrong joins the rest of the team |
1/15 |
|
STYAX |
Wells Fargo Advantage Income Plus Fund |
No one, but . . . |
Noah Wise is added as a portfolio manager. He will join Thomas Price, Michael Bray, and Janet Rilling |
1/15 |
|
GVIEX |
Wilmington Multi-Manager International Fund |
George Chen is no longer a portfolio manager |
The rest of the extensive team remains. |
1/15 |
|
WMMRX |
Wilmington Multi-Manager Real Assets Fund |
George Chen is no longer a portfolio manager |
David Stein, Thomas Seto, Todd Murphy, Thomas Pierce, Mihir Worah, Joseph Smith, T. Ritson Ferguson, and Steven Burton remain. |
1/15 |
Manager changes, December 2014
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 |
|
AGMZX |
361 Global Macro Opportunity Fund |
Brian Cunningham is no longer a portfolio manager of the fund |
Clifford Stanton joins Blaine Rollins, Jeremy Frank, Nick Libertini and Aditya Bhave |
12/14 |
|
AMFZX |
361 Managed Futures Strategy Fund |
Brian Cunningham and Randall Bauer are no longer portfolio managers for the fund. |
Clifford Stanton joins Blaine Rollins, Tom Florence, Jeremy Frank, Nick Libertini and Aditya Bhave |
12/14 |
|
ALSZX |
361 Market Neutral Fund |
Brian Cunningham and Randall Bauer are no longer portfolio managers for the fund. |
Clifford Stanton joins Blaine Rollins, Tom Florence, Jeremy Frank, Nick Libertini and Aditya Bhave |
12/14 |
|
AIEAX |
American Beacon International Equity Fund |
Neil Devlin has been removed as a portfolio manager |
The rest of the extensive team remains. |
12/14 |
|
AGGRX |
American Century Global Growth Fund |
No one, but . . . |
Ted Harlan has been promoted to portfolio manager, joining Keith Creveling and Brent Puff |
12/14 |
|
AARMX |
American Independence Risk-Managed Allocation Fund |
No one, but . . . |
Charles McNally joins the existing team of John Forlines and Eric Rubin. |
12/14 |
|
IFCSX |
American Independence Stock Fund |
No one, but . . . |
AJO Partners is being added as a sub-advisor to the fund |
12/14 |
|
MGGBX |
AMG Managers Global Income Opportunity Fund |
No one, but . . . |
Scott Service joined the team of Kenneth Buntrock, David Rolley, and Lynda Schweitzer |
12/14 |
|
BROAX |
BlackRock Global Opportunities Portfolio |
Nigel Hart |
Thomas Callan and Ian Jamieson remain |
12/14 |
|
BREAX |
BlackRock International Opportunities Portfolio |
Nigel Hart |
Thomas Callan and Ian Jamieson remain |
12/14 |
|
BMEAX |
BlackRock U.S. Opportunities Portfolio |
Nigel Hart |
Thomas Callan and Ian Jamieson remain |
12/14 |
|
CEIAX |
Calvert Equity Income Fund |
James McGlynn is no longer listed as a portfolio manager |
Rachel Volynsky and Natalie Trunow join Yvonne Bishop in managing the fund. We’ll note, in passing, that an all-female portfolio management team is a regrettable rarity. |
12/14 |
|
CWVGX |
Calvert International Equity Fund |
Thornburg Investment Management has been removed as a subadvisor, along with Rolf Kelly. Additionally, Christine Montgomery will be retiring in January. |
Fabrice Bay has joined David Sheasby and Natalie Trunow. |
12/14 |
|
CLVAX |
Calvert Large Cap Value Fund |
James McGlynn is no longer listed as a portfolio manager |
Rachel Volynsky and Natalie Trunow join Yvonne Bishop in managing the fund. |
12/14 |
|
IGLGX |
Columbia Global Equity Fund |
As of January 15, 2015, Neil Robson will no longer be listed as a portfolio manager |
David Dudding will join Pauline Grange at that time. |
12/14 |
|
NEIAX |
Columbia Large Cap Index Fund |
Alfred Alley is no longer on the fund |
Christopher Lo has joined Vadim Shteyn in managing the fund |
12/14 |
|
NTIAX |
Columbia Mid Cap Index Fund |
Alfred Alley is no longer on the fund |
Christopher Lo has joined Vadim Shteyn in managing the fund |
12/14 |
|
NMSAX |
Columbia Small Cap Index Fund |
Alfred Alley is no longer on the fund |
Christopher Lo has joined Vadim Shteyn in managing the fund |
12/14 |
|
DRCVX |
Comstock Capital Value Fund |
Martin Weiner is no longer listed as a portfolio manager |
Charles Minter is joined by Dennis DeCore. |
12/14 |
|
AVGAX |
Dynamic Total Return Fund |
No one, but . . . |
Sinead Colton joins Torrey Zaches, James Stavena, Joseph Miletech, and Vassilis Dagioglu in managing the 3 month old fund |
12/14 |
|
ETGIX |
Eaton Vance Greater India Fund |
Christopher Darling is no longer listed as a portfolio manager |
Rishikesh Patel takes over |
12/14 |
|
FRFDX |
First Investors Floating Rate Fund |
David Bowen is no longer listed as a portfolio manager |
Clinton Comeaux has joined Dennis Dowden and Bryan Petermann |
12/14 |
|
FACEX |
Frost Growth Equity Fund |
No one, but . . . |
AB Mendez joins the team of Brad Thompson, Tom Stringfellow, and John Lutz |
12/14 |
|
GIEIX |
GE International Equity Fund |
Jonathan Passmore retired as portfolio manager on November 30, 2014. |
Ralph Layman and Michael Solecki carry on. |
12/14 |
|
GRGAX |
Giralda Risk-Managed Growth Fund |
Marina Goodman and Jeremy Welther left the fund on October 28, 2014 |
Gladys Chow joined Jerry Miccolis, effective December 1, 2014. |
12/14 |
|
GLBFX |
GL Beyond Income Fund |
As of November 14th, Frank Luisi was no longer listed as a co-portfolio manager. Remaining manager, Daniel Thibeault, was arrested by the FBI in early December on securities fraud charges. He’s subsequently been blocked from accessing the fund’s assets. |
As of December 12, the fund is closed to new share sales while the board figures this out. |
12/14 |
|
GTCIX |
Glenmede International |
Management is being taken in-house, so Philadelphia International Advisors is out, along with Wei Huang and Stephen Dolce. |
Alexander Antanasiu, Paul Sullivan, and Vladimir de Vassal will manage the fund. |
12/14 |
|
SAOAX |
Guggenheim Alpha Opportunity Fund |
Effective immediately, Michael Dellapa will no longer serve as a portfolio manager for the fund. |
The remaining portfolio managers for the Fund, Michael Byrum and Ryan Harder, have assumed Mr. Dellapa’s portfolio management responsibilities |
12/14 |
|
GMIFX |
GuideMark Opportunistic Fixed Income Fund |
Canyon Chan is no longer a portfolio manager of the fund. |
The team of Matthew Eagan, Michael Hasenstab, Kevin Kearns, Todd Vandam, Philip Barach, Jeffrey Gundlach, and Christine Zhu will carry on. |
12/14 |
|
GPARX |
GuidePath Absolute Return Asset Allocation Fund |
Michael Abelson no longer serves as a portfolio manager for the fund. |
Zoë Brunson and Selwyn Crews are joined by Jeremiah Chafkin |
12/14 |
|
GPAMX |
GuidePath Altegris Diversified Alternatives Allocation Fund |
Matthew Osborne no longer serves as a portfolio manager for the fund. |
Robert Murphy and Lara Magnusen are now managing the fund |
12/14 |
|
GPIFX |
GuidePath Fixed Income Allocation Fund |
Michael Abelson no longer serves as a portfolio manager for the fund. |
Zoë Brunson and Selwyn Crews are joined by Jeremiah Chafkin |
12/14 |
|
GPMIX |
GuidePath Multi-Asset Income Asset Allocation Fund |
Michael Abelson no longer serves as a portfolio manager for the fund. |
Zoë Brunson and Selwyn Crews are joined by Jeremiah Chafkin |
12/14 |
|
GPSTX |
GuidePath Strategic Asset Allocation Fund |
Michael Abelson no longer serves as a portfolio manager for the fund. |
Zoë Brunson and Selwyn Crews are joined by Jeremiah Chafkin |
12/14 |
|
GPTCX |
GuidePath Tactical Constrained Asset Allocation Fund |
Michael Abelson no longer serves as a portfolio manager for the fund. |
Zoë Brunson and Selwyn Crews are joined by Jeremiah Chafkin |
12/14 |
|
GPTUX |
GuidePath Tactical Unconstrained Asset Allocation Fund |
Michael Abelson no longer serves as a portfolio manager for the fund. |
Zoë Brunson and Selwyn Crews are joined by Jeremiah Chafkin |
12/14 |
|
ICSCX |
ICM Small Company Portfolio |
On December 31, 2014, Simeon Wooten and Robert Jacapraro will cease serving as portfolio managers of the fund. |
William Heaphy and Gary Merwitz will carry on. |
12/14 |
|
JAIMX |
James Alpha Multi-Strategy Alternative Income Portfolio |
Marshall Bassett, George Clairmont, Barry Gladstein, Nicolas Jenks, R. Brentwood Strasler, and Lori Wachs are no longer listed as portfolio manager. |
Remaining on the fund are William Bales, Andrew Duffy, Leonard Edelstein, Kevin Greene (not the former Steeler), Jakob Holm, James Hug, Michael Montague, Darren Schuringa, and James Vitalie. |
12/14 |
|
JAWGX |
Janus Aspen Global Research Fund |
James Goff is off the fund |
Carmel Wellso will take the lead over a group of sector team leaders consisting of Jean Barnard, John Jordan, Kristopher Kelley, Ethan Lovell, Kenneth Spruell, and Garth Yettick |
12/14 |
|
JNRFX |
Janus Research |
James Goff is retiring after more than a quarter century as Janus, and he’s one of the last managers left from their Gunslinging Golden Days. |
Carmel Wellso will take the lead over a group of sector team leaders consisting of Jean Barnard, John Jordan, Kristopher Kelley, Ethan Lovell, Kenneth Spruell, and Garth Yettick |
12/14 |
|
GAOAX |
JPMorgan Global Allocation Fund |
No one, but . . . |
James Elliot, Jeffrey Geller, Jonathan Cummings, and Grace Koo are joined by Eric Bernbaum |
12/14 |
|
JNBAX |
JPMorgan Income Builder Fund |
Patrik Jakobson is no longer listed as a portfolio manager |
Jeffrey Geller, Michael Schoenhaut, and Anne Lester are joined by Eric Bernbaum |
12/14 |
|
MAPOX |
Mairs & Power Balanced Fund |
Bill Frels has retired after more than 20 years on the fund. |
Kevin Earley joins Ronald Kaliebe in managing the fund |
12/14 |
|
MPGFX |
Mairs & Power Growth Fund |
Bill Frels, who succeeded the redoubtable George Mairs, retires after 15 years here. |
Andrew Adams joins Mark Henneman in managing the fund |
12/14 |
|
MSCFX |
Mairs & Power Small Cap Fund |
No one, but … |
Allen Steinkopf joins Andrew Adams in managing the fund as part of a firm-wide move to have a second manager on each fund. |
12/14 |
|
MALGX |
Mirae Emerging Markets Fund |
Young Hwan Kim is no longer a portfolio manager to the fund |
Jose Morales and Rahul Chadha continue on |
12/14 |
|
MECGX |
Mirae Emerging Markets Great Consumer Fund |
Young Hwan Kim is no longer a portfolio manager to the fund |
Jose Morales and Joohee An continue on |
12/14 |
|
MSIEX |
Morgan Stanley Emerging Markets Domestic Debt Portfolio |
No one, but . . . |
Jens Nystedt and Warren Mar join Eric Baurmeister |
12/14 |
|
MEAPX |
Morgan Stanley Emerging Markets External Debt Portfolio |
No one, but . . . |
Jens Nystedt and Warren Mar join Eric Baurmeister |
12/14 |
|
NMMGX |
Northern Multi Manager Global Real Estate |
CBRE Clarion Securities is out as a subadvisor to the fund. |
Brookfield Investment Management will be a new subadvisor on the fund. |
12/14 |
|
OMSOX |
Oppenheimer Main Street Select Fund |
Manind Govil is no longer listed as a portfolio manager |
The new team is Benjamin Ram, Magnus Krantz, and Joy Budzinski |
12/14 |
|
OAIEX |
Optimum International Fund |
Nigel Hart is no longer listed on the management team |
Thomas Callan, Ian Jamieson, and Paul Viera remain |
12/14 |
|
PTXAX |
PIMCO Tax Managed Real Return Fund |
Rahul Seksaria is no longer listed as a portfolio manager |
Jeremie Banet joins Joseph Deane in managing the fund |
12/14 |
|
PIAVX |
Pioneer Solutions Conservative Fund |
Ibbotson Associates is no longer a subadvisor to the fund, and managers Paul Arnold, Brian Huckstep, and Scott Wentsel are out. |
Salvatore Buono, John O’Toole, and Paul Weber are taking over the portfolio management duties as Pioneer Investment Management assumes day-to-day management of the fund. |
12/14 |
|
GRAAX |
Pioneer Solutions Growth Fund |
Ibbotson Associates is no longer a subadvisor to the fund, and managers Paul Arnold, Brian Huckstep, and Scott Wentsel are out. |
Salvatore Buono, John O’Toole, and Paul Weber are taking over the portfolio management duties as Pioneer Investment Management assumes day-to-day management of the fund. |
12/14 |
|
POAGX |
Primecap Odyssey Aggressive Growth Fund |
No one, but . . . |
James Marchetti joins Joel Fried, Theo Kolokotrones, Alfred Mordecai, and M. Mohsin Ansari on the management team. |
12/14 |
|
POGRX |
Primecap Odyssey Growth Fund |
No one, but . . . |
James Marchetti joins Joel Fried, Theo Kolokotrones, Alfred Mordecai, and M. Mohsin Ansari on the management team. |
12/14 |
|
POSKX |
Primecap Odyssey Stock Fund |
No one, but . . . |
James Marchetti joins Joel Fried, Theo Kolokotrones, Alfred Mordecai, and M. Mohsin Ansari on the management team. |
12/14 |
|
RSGRX |
RS Growth Fund |
No one, but . . . |
Christopher Clark joins D. Scott Tracy, Melissa Chadwick-Dunn, and Stephen Bishop in managing the fund. |
12/14 |
|
RSMOX |
RS Mid Cap Growth Fund |
No one, but . . . |
Christopher Clark joins D. Scott Tracy, Melissa Chadwick-Dunn, and Stephen Bishop in managing the fund. |
12/14 |
|
RSDGX |
RS Select Growth Fund |
No one, but . . . |
Christopher Clark joins D. Scott Tracy, Melissa Chadwick-Dunn, and Stephen Bishop in managing the fund. |
12/14 |
|
GPSCX |
RS Small Cap Equity Fund |
No one, but . . . |
Christopher Clark joins D. Scott Tracy, Melissa Chadwick-Dunn, and Stephen Bishop in managing the fund. |
12/14 |
|
RSEGX |
RS Small Cap Growth Fund |
No one, but . . . |
Christopher Clark joins D. Scott Tracy, Melissa Chadwick-Dunn, and Stephen Bishop in managing the fund. |
12/14 |
|
SLLAX |
SEI Small Cap Fund |
J. P. Morgan and William Blair are out as subadvisors to the fund, along with David Mitchell, Mark Leslie, Chad Kilmer, and Eytan Shapiro. |
EAM Investors and Snow Capital Management join the existing (and extensive) ranks, with Montie Weisenberger, Joshua Schachter, and Anne Wickland added to the portfolio management team. |
12/14 |
|
FNAPX |
Strategic Advisers Small-Mid Cap Multi-Manager Fund |
Massachusetts Financial Services Company is no longer a subadvisor to the fund. Hence, Michael Grossman and Thomas Wetherald are out as portfolio managers |
Christopher Clark, of RS Investment Management, joins the already extensive team. |
12/14 |
|
GDAMX |
The Giralda Manager Fund |
Marina Goodman and Jeremy Welther left the fund on October 28, 2014 |
Gladys Chow joined Jerry Miccolis, effective December 1, 2014. |
12/14 |
|
TLIIX |
TIAA-CREF Enhanced Large-Cap Growth Index Fund |
Kelvin Zhang is no longer a portfolio manager of the fund |
Adam Cao and James Johnson, Jr. are now the management team. |
12/14 |
|
PDIAX |
Virtus Growth & Income Fund |
Shareholders voted to replace the fund’s current subadviser, QS Investors, LLC, with Rampart Investment Management Company, LLC. Therefore, Russell Shtern and Robert Wang are out. |
Brendan Finneran and Robert Hofemen, Jr. are now managing the fund. |
12/14 |
|
IIGIX |
Voya Multi-Manager International Equity Fund |
Paul Faulkner is out. |
Sophie Earnshaw, Moritz Sitte, and Tom Walsh join the large team in managing the fund. |
12/14 |
|
EKGAX |
Wells Fargo Advantage Global Opportunities Fund |
No one, but . . . |
Robert Rifkin joins James Tringas, Oleg Makhorine, and Bryant VanCronkhite as a portfolio manager |
12/14 |
|
EGWAX |
Wells Fargo Advantage Traditional Small Cap Growth Fund |
Paul Carder is no longer listed as a portfolio manager. |
Linda Freeman, Jeffrey Drummond, and Jeffrey Harrison remain. |
12/14 |
|
AWSFX |
West Shore Real Return Income Fund |
James Rickards, a famous pundit and oracle whose presence brought attention to the fund, is no longer even nominally serving as a portfolio manager. He’s now Chief Global Strategist for West Shore Group, LLC, the fund’s investment adviser. |
Steve Cordasco and Michael Shamosh will continue as portfolio managers of the fund |
12/14 |
|
WMMRX |
Wilmington Multi-Manager Real Asset Fund |
Rahul Seksaria is no longer listed as a portfolio manager |
George Chen, Steven Burton, T. Ritson Ferguson, Joseph Smith, Mihir Worah, Thomas Pierce, Todd Murphy, Thomas Seto, and David Stein continue on. |
12/14 |
Manager changes, November 2014
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 |
|
CUGAX |
Aberdeen Global Fixed Income Fund |
Simon Hancock |
József Szabó, Rich Smith, Neil Moriarty, and Oliver Boulind |
11/14 |
|
CLHAX |
AdvisorOne CLS International Equity |
Scott Kubie is no longer listed as a portfolio manager |
Konstantin Etus and Rusty Vanneman are now managing the fund |
11/14 |
|
AZGAX |
AllianzGI Retirement 2015 Fund |
Stephen Sexauer will be gone as of Jan 1, 2015 |
Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund |
11/14 |
|
AGLAX |
AllianzGI Retirement 2020 Fund |
Stephen Sexauer will be gone as of Jan 1, 2015 |
Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund |
11/14 |
|
ABLAX |
AllianzGI Retirement 2030 Fund |
Stephen Sexauer will be gone as of Jan 1, 2015 |
Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund |
11/14 |
|
AVSAX |
AllianzGI Retirement 2040 Fund |
Stephen Sexauer will be gone as of Jan 1, 2015 |
Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund |
11/14 |
|
ASNAX |
AllianzGI Retirement 2050 Fund |
Stephen Sexauer will be gone as of Jan 1, 2015 |
Claudio Marsala and Rahul Malhotra will join Paul Pietranico and James Macey on the fund |
11/14 |
|
ELSAX |
Altegris Equity Long Short Fund |
Matthew Osborne and Ryan Hart have been removed as a portfolio managers of the fund |
Robert Murphy and Eric Bundonis have been added as portfolio managers, joining Joseph Jolson, Don Destino, Jim Fowler, Kelly Wiesbrock, Robert Kim, and Richard Chilton |
11/14 |
|
FXDAX |
Altegris Fixed Income Long Short Fund |
Matthew Osborne has been removed as a portfolio manager |
Robert Murphy has joined Eric Bundonis, Kevin Schweitzer, and Anilesh “Neil” Ahuja on the management team |
11/14 |
|
EVOAX |
Altegris Futures Evolution Strategy Fund |
No one, but . . . |
Robert Murphy has joined Matthew Osborne, Eric Bundonis, and Jeffrey Gundlach in managing the fund |
11/14 |
|
MCRAX |
Altegris Macro Strategy Fund |
No one, but . . . |
Robert Murphy and Eric Bundonis have joined Matthew Osborne in managing the fund |
11/14 |
|
MFTAX |
Altegris Managed Futures Strategy Fund |
Ryan Hart has been removed as a portfolio manager |
Robert Murphy and Eric Bundonis have joined Matthew Osborne and John Tobin in managing the fund |
11/14 |
|
MULAX |
Altegris Multi-Strategy Alternative Fund |
Matthew Osborne is no longer listed as a portfolio manager |
Lara Magnusen and Robert Murphy will now run the fund |
11/14 |
|
RAAAX |
Altegris/AACA Real Estate Long Short Fund |
Matthew Osborne has been removed as a portfolio manager |
Eric Bundonis joins Burland East III in managing the fund. |
11/14 |
|
CWGIX |
American Funds Capital World Growth and Income Fund |
Jeanne Carroll is no longer managing money in the fund |
The rest of the team remains. |
11/14 |
|
MDEGX |
Blackrock Long-Horizon Equity Fund |
James Bristow and Stuart Reeve are out |
Gary Clarke and Teun Draaisma take over |
11/14 |
|
CBCAX |
Calamos Focus Growth Fund |
No one, but . . . |
David Kalis joins the team of John Calamos, Gary Black, Nick Niziolek, Jon Vacko, Dennis Cogan, John Hillenbrand and Steve Klouda |
11/14 |
|
CVGRX |
Calamos Growth Fund |
No one, but . . . |
David Kalis joins the team of John Calamos, Gary Black, Nick Niziolek, Jon Vacko, Dennis Cogan, John Hillenbrand and Steve Klouda |
11/14 |
|
CMXAX |
Calamos Mid Cap Growth Fund |
No one, but . . . |
David Kalis joins the team of John Calamos, Gary Black, Nick Niziolek, Jon Vacko, Dennis Cogan, John Hillenbrand and Steve Klouda |
11/14 |
|
MCXAX |
Catalyst Macro Strategy Fund |
Subadvisor, Castle Financial & Retirement Planning Associates, is out. Accordingly, managers Korey Bauer and Al Procaccino are replaced… |
…by David Miller and Jerry Szilagyi of Catalyst Capital Advisors. |
11/14 |
|
DMVAX |
Dreyfus Select Managers Small Cap Value Fund |
No one, but . . . |
Roger Porter joins the extensive team |
11/14 |
|
FCVAX |
Fidelity Advisor Small Cap Value Fund |
No one (yet), but . . . |
Derik Janssen will become lead portfolio manager on January 1, 2015 and sole portfolio a year later. Charles Myers will become a co-manager prior to his departure. |
11/14 |
|
FGBLX |
Fidelity Global Balanced Fund |
No one, but . . . |
Sefan Lindblad joins Ruben Calderon, Geoffrey Stein, Andrew Weir, John Lo, Stephen DuFour, Maria Nikishova, and Risteard Hogan on the management team |
11/14 |
|
FSLEX |
Fidelity Select Environment and Alternative Energy Portfolio |
Anna Davydova is out |
Kevin Walenta is in |
11/14 |
|
FCPVX |
Fidelity Small Cap Value Fund |
No one, but . . . |
Derik Janssen will become lead portfolio manager on January 1, 2015 and sole portfolio a year later. Charles Myers will become a co-manager prior to his departure. |
11/14 |
|
HIIGX |
Harbor International Growth Fund |
Paul Faulkner is out. |
Moritz Sitte, Sophie Earnshaw and Tom Walsh will join Gerard Callahan, Iain Campbell and Joe Faraday |
11/14 |
|
HSCSX |
Homestead Small Company Stock Fund |
No one right now, but as previously announced Peter Morris and Stuart Teach will be retiring sometime next year. |
Gregory Halter joins the team of Peter Morris, Stuart Teach, Mark Ashton, and Prabha Carpenter |
11/14 |
|
HOVLX |
Homestead Value Fund |
No one right now, but as previously announced Peter Morris and Stuart Teach will be retiring sometime next year. |
Gregory Halter joins the team of Peter Morris, Stuart Teach, Mark Ashton, and Prabha Carpenter |
11/14 |
|
WAVEX |
Longboard Managed Futures Strategy Fund |
Horizon will no longer serve as sub-adviser to the fund and Jill King will no longer be a portfolio manager |
Eric Crittenden, Jason Klatt, and Cole Wilcox will carry on |
11/14 |
|
MEIFX |
Meridian Equity Income Legacy Fund |
Larry Cordisco and James England, who had been employed by the fund’s previous adviser, Aster, are no longer listed as porfolio managers |
Minyoung Sohn, formerly a manager on two Janus funds and one of the founders of the new adviser, has taken over as portfolio manager. |
11/14 |
|
MFWTX |
MFS Global Total Return |
Barnaby Wiener will no longer be a portfolio manager after December 31, 2014 |
Pablo De La Mata joined the fund in September. Jonathan Sage joins in December. The rest of the team, Nevin Chitkara, Pilar Gomez-Bravo, Steven Gorham, Richard Hawkins, Robert Persons, Benjamin Stone |
11/14 |
|
NABAX |
Neuberger Berman Absolute Return Multi-Manager Fund |
No one, but . . . |
Cloud Gate Capital and Blue Jay Capital Management are new subadvisers for the fund, with David Heller, Brian Newman, and Paul Sinclair joining the already extensive team. |
11/14 |
|
NLMAX |
Neuberger Berman Long Short Multi-Manager Fund |
No one, but . . . |
Cloud Gate Capital and Blue Jay Capital Management are new subadvisers for the fund, with David Heller, Brian Newman, and Paul Sinclair joining the team. |
11/14 |
|
NCBGX |
New Covenant Balanced Growth Fund |
Derek Papastrat |
Greg McIntire |
11/14 |
|
NCBIX |
New Covenant Balanced Income Fund |
Derek Papastrat |
Steve Treftz |
11/14 |
|
USBNX |
Pear Tree Columbia Small Cap Fund |
Columbia Partners Investment Management has been terminated as a subadvisor, effective December 31, 2014 |
Bernard Horn and Polaris Capital Management will be the new subadvisor to the fund. |
11/14 |
|
PIALX |
Pioneer Solutions Balanced Fund (formerly Pioneer Ibbotson Moderate Allocation Fund) |
Ibbotson Associates is no longer a subadvisor to the fund, and managers Paul Arnold, Brian Huckstep, and Scott Wentsel are out. |
Salvatore Buono, John O’Toole, and Paul Weber are taking over the portfolio management duties as Pioneer Investment Management assumes day-to-day management of the fund. |
11/14 |
|
QEAAX |
Quaker Event Arbitrage Fund |
No one, but . . . |
Paul Hoffmeister joins Thomas Kirchner as a co-portfolio manager |
11/14 |
|
RGVIX |
Royce Global Value Fund |
|
David Nadel is joined by Dilip Badlani, James Harvey, and Steven McBoyle |
11/14 |
|
RLPHX |
Royce Low Priced Stock Fund |
|
James Stoeffel is joined by Carl Brown, James Harvey, and William Hench |
11/14 |
|
RYOTX |
Royce Micro-Cap Fund |
|
Jenifer Taylor and Brendan Hartman carry on |
11/14 |
|
RYPRX |
Royce Premier Fund |
|
Charles Royce and Lauren Romeo are joined by Steven McBoyle. |
11/14 |
|
RMVSX |
Royce SMid-Cap Value Fund |
|
Steven McBoyle carries on |
11/14 |
|
RVVHX |
Royce Value Fund |
|
Lauren Romeo and Jay Kaplan carry on |
11/14 |
|
RVPHX |
Royce Value Plus Fund |
|
James Skinner and Carl Brown carry on |
11/14 |
|
TLIIX |
TIAA-CREF Enhanced Large-Cap Growth Index Fund |
Kelvin Zhang is no longer a portfolio manager of the fund |
Adam Cao and James Johnson will manage the fund |
11/14 |
|
MIBFX |
Varsity/Monetta Intermediate Bond Fund (formerly the Orion/Monetta Intermediate Bond Fund) |
Orion Capital Management no longer serves as a subadviser to the fund, and Stephen Cummings is out as portfolio manager |
Varsity Asset Management is a new subadviser. Anthony Apollaro is a new portfolio manager. George Palmer remains on the fund |
11/14 |
|
VAAAX |
Virtus Allocator Premium AlphaSector Fund |
Howard Present is out |
Amy Robinson is joined by Alexey Panchekha |
11/14 |
|
PWBAX |
Virtus AlphaSector Rotation Fund |
Howard Present is out |
Amy Robinson is joined by Alexey Panchekha |
11/14 |
|
VEIAX |
Virtus Emerging Markets Equity Income Fund |
No one, but . . . |
John Looby and Massimiliano Tondi join James Collery, David Hogarty, Ian Madden, and Gareth Maher |
11/14 |
|
VGPAX |
Virtus Global Premium AlphaSector Fund |
Howard Present is out |
Amy Robinson is joined by Alexey Panchekha |
11/14 |
|
VAPAX |
Virtus Premium AlphaSector Fund |
Howard Present is out |
Amy Robinson is joined by Alexey Panchekha |
11/14 |
|
WRAAX |
Wilmington Multi-Manager Alternatives Fund |
Calypso Capital Management is no longer a subadvisor to the fund, along with Casey Gard |
The rest of the team remains |
11/14 |
