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.
| Fund | Out with the old | In with the new | Dt |
| Columbia Select Small Cap (ESCAX) | The whole dang management team | Wayne Collette, George Myers, Lawrence Lin, and Brian Neigut | 12/11 |
| Fidelity Select Wireless (FWRLX) | Gavin Baker leaves here, remains at Fido OTC | Matthew Drukker will join comanager Kyle Weaver | 12/11 |
| Goldman Sachs Balanced (GSBFX) | James Clark, the latest high-level departure from GSAM’s funds. | The three other managers will remain. | 12/11 |
| Goldman Sachs Large Cap Value (GSLIX) | Dolores Bamford | The other managers will remain. | 12/11 |
| Goldman Sachs Mid Cap Value (GSMCX) | John Arege | The other managers will remain. | 12/11 |
| Hartford Total Return Bond (ITBAX). | An undistinguished in-house staff headed by Nasri Toutoungi | As of Q1/2012, Wellington Management | 12/11 |
| ING Global Natural Resources (LEXMX) and ING Global Resources (IGRSX) | David Powers | Joseph Bassett and John Bailey will remain | 12/11 |
| JHancock Large Cap Equity (TAGRX) | Roger Hamilton and Timothy Malloy | Walter McCormick and Sandy Sanders | 12/11 |
| Neuberger Berman Partners (NPRTX) | Basu Mullick, who’d been around since 1998 and who was disturbingly comfortable with volatiility | Eli Salzmann | 12/11 |
| Neuberger Berman Regency (NBRVX) | Basu Mullick, who’d been high beta / low alpha since 2005 | Michael Greene and his mid-cap intrinsic-value team | 12/11 |
| Oppenheimer Quest International Value (QIVAX) | Dominic Freund | Randall Dishmon | 12/11 |
| Osterweis Fund (OSTFX) | Steve Moore | The other five managers including leader, John Osterweis, will remain. | 12/11 |
| USAA Precious Metals and Minerals (UIPMX) | Mark Johnson will retire in March 2012. | Comanager, Dan Denbrow, will forge on. | 12/11 |
