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 |
TWCIX |
American Century Select |
No one, but . . . |
Analyst Chris Krantz is promoted to comanager. |
8/13 |
TWCUX |
American Century Ultra |
No one, but . . . |
Analyst Jeff Bourke is promoted to comanager. |
8/13 |
BACHX |
BlackRock Emerging Markets Dividend |
Andrew Swan, under whom the fund remained microscope and wan, is out |
Dhiren Shah and Luiz Soares |
8/13 |
CEIAX |
Calvert Equity Income Fund |
No one, but . . . |
Natalie Trunow joins the team. |
8/13 |
CGOIX |
Century Growth Opportunities Fund |
David Borah |
Donald Bisson remains |
8/13 |
DSGAX |
Dreyfus Select Managers Small Cap Growth Fund |
Subadvisor King Investment Advisors. |
The other five subadvisers remain. |
8/13 |
MIDVX |
DWS Mid Cap Value |
Subadvisor Dreman Value Management is out. |
The in-house team of Richard Glass, Richard Hanlon, and Mary Schafer, will take over. |
8/13 |
RRRAX |
DWS RREEF Real Estate Securities |
Jerry W. Ehlinger |
Joseph Fisher and David Zonavetch join John Robertson and John Vojticek |
8/13 |
KDSAX |
DWS Small Cap Value |
Subadvisor Dreman Value Management is out. DVM is another of those guru-driven firms that’s been spiraling steadily down. |
The in-house team of Richard Glass, Richard Hanlon, and Mary Schafer, will take over. |
8/13 |
ETTGX |
Eaton Vance Tax-Managed Growth Fund 1.1 |
Duncan Richardson will be retiring as of Oct. 31st |
The rest of the team, Lewis R. Piantedosi, Michael A. Allison and Yana S. Barton, remains. |
8/13 |
EXTGX |
Eaton Vance Tax-Managed Growth Fund 1.2 |
Duncan Richardson will be retiring as of Oct. 31st |
The rest of the team, Lewis R. Piantedosi, Michael A. Allison and Yana S. Barton, remains. |
8/13 |
FDEGX |
Fidelity Growth Strategies Fund |
Christopher Lee |
Jean Park |
8/13 |
FSESX |
Fidelity Select Energy Service |
No one, but . . . |
Ben Shuleva joins Jonathan Kasen |
8/13 |
FPRAX |
FPA Paramount |
Steven Geist and Eric Ende are stepping down after 13 years as part of a strategy change |
Gregory Herr and Pierre Py move into the lead. |
8/13 |
FPPFX |
FPA Perennial |
No one, but . . . |
Gregory Herr will join existing managers Eric Ende and Steven Geist |
8/13 |
GCIAX |
Goldman Sachs International Equity Insights |
Nellie Bronner |
Osman Ali and Takashi Suwabe will join the team. |
8/13 |
GICAS |
Goldman Sachs International Small Cap Insights |
Nellie Bronner |
Osman Ali and Takashi Suwabe will join the team. |
8/13 |
SEQAX |
Guggenheim World Equity Income |
The Rydex team of Michael Byrum, Michael Dellap, and Ryan Harder |
Ole Jakob Wold, Farhan Sharaff, Scott Hammond, and Nardin Baker. |
8/13 |
GSCYX |
Guidestone Small Cap Equity Fund |
Chris Diegelman, one of the managers from sub-advisor Western Asset |
The rest of the 15 person, 6 sub-advisor team remains. |
8/13 |
XXXXX |
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Heather Hackett is out. The legal filing fees alone must surely have approached the amount of her salary; her departure triggered something let seven separate sets of SEC filings. |
Frank van Etten is taking her place |
8/13 |
LETRX |
ING Russia Fund |
Angus Alexander Robertson |
Renat Nadyukov |
8/13 |
JXBAX |
JPMorgan Access Balanced Fund |
Subadvisors FMI, Osterweis, and Shenkman are out. |
The other five subadvisers remain. |
8/13 |
JXGAX |
JPMorgan Access Growth Fund |
Subadvisors FMI, Osterweis, and Shenkman are out. |
The other five subadvisers remain. |
8/13 |
LAALX |
Leuthold Asset Allocation |
Eric Weigal is out and the fund is about to dissolve. |
The rest of the team remains. |
8/13 |
LSLTX |
Leuthold Select Industries Fund |
Eric Weigal |
Greg Swenson joins the team |
8/13 |
MIMFX |
Managers Micro-Cap Fund |
No one, but . . . |
Arthur K. Weise joins the team. |
8/13 |
MFWTX |
MFS Global Total Return |
No one, but . . . |
Pilar Gomez-Bravo and Robert Persons will join the team |
8/13 |
NABAX |
Neuberger Berman Absolute Return Multi-Manager Fund |
No one, but . . . |
Loeb Arbitrage Management is a new subadviser to the fund, with Gideon King, Scott Williams, Blaine Marder, Adam Weingarten and Brian Anderson running their sleeve. |
8/13 |
EMGRX |
Nuveen Small Cap Select |
No one, but . . . |
Mark Traster move into lead manager role, and Gregory Ryan joins Allen Steinkopf as comanager |
8/13 |
NTEAX |
Nuveen Tradewinds Emerging Markets |
Michael Hart, a founding manager of this one-star mess |
Emily Alejos, the other founder, will serve as the sole portfolio manager |
8/13 |
OAAAX |
Oppenheimer Active Allocation Fund |
Alan C. Gilston |
Mark Hamilton |
8/13 |
OACIX |
Oppenheimer Conservative Investor Fund |
Alan C. Gilston |
Mark Hamilton |
8/13 |
ODAAX |
Oppenheimer Diversified Alternatives Fund |
Alan C. Gilston |
Mark Hamilton |
8/13 |
OAAIX |
Oppenheimer Equity Investor Fund |
Alan C. Gilston |
Mark Hamilton |
8/13 |
OAMIX |
Oppenheimer Moderate Investor Fund |
Alan C. Gilston |
Mark Hamilton |
8/13 |
PAGVX |
Putnam American Government Income Fund |
Daniel S. Choquette |
Michael V. Salm |
8/13 |
PINCX |
Putnam Income Fund |
Daniel S. Choquette |
Michael Murphy joins Brett Kozlowski and Michael Salm |
8/13 |
PGSIX |
Putnam U.S. Government Income Trust |
Daniel S. Choquette |
Michael V. Salm |
8/13 |
BPLEX |
Robeco Boston Partners Long/Short Equity Fund |
Mark E. Donovan leaves after a great 15 year stint |
Ali Motamed, who’s been with Robeco since 2003, joins Robert Jones |
8/13 |
SSVAX |
SunAmerica Value Fund |
Steven Neimeth |
Jay Merchant |
8/13 |
LCGAX |
Transamerica Large Cap Growth |
James P. Haynie |
Pamela Woo joins Jeffrey Bray |
8/13 |
TTAAX |
Transamerica Tactical Allocation |
Sridip Mukhopadhyaya |
Frank Koster joins David Halfpap and Frank Rybinski |
8/13 |
IGTAX |
Transamerica Tactical Income |
Sridip Mukhopadhyaya |
Frank Koster joins David Halfpap and Frank Rybinski |
8/13 |
ATTRX |
Transamerica Tactical Rotation |
Sridip Mukhopadhyaya |
Frank Koster joins David Halfpap and Frank Rybinski |
8/13 |
FOBAX |
Tributary Balanced |
John Harris and Kurt Spieler left after an exceedingly solid three year stint |
David Jordan, skipper from 2001-2010 returns |
8/13 |
VSSGX |
VALIC Company I Small-Mid Growth |
Chad Meade and Brian Schaub, who left Janus for Arrowpoint and leadership of the Meridian Growth fund |
Steven Barry and Jeffrey Rabinowitz |
8/13 |
VEXPX |
Vanguard Explorer |
No one, but . . . |
A seventh subadvisor, Stephens Investment Group, with Ryan Crane and three comanagers. |
8/13 |
FMIEX |
Wasatch Large Cap Value |
Long-term managers Michael Shinnick, now, and Ralph Shive at the end of September |
David R. Powers |
8/13 |
WFGBX |
Wells Fargo Advantage Growth Balanced Fund |
The entire Wells Capital Management, Inc. team of Doug Beath, Petros Bocray and Jeffrey P. Mellas |
Christian Chan and Kandarp Acharya |
8/13 |
WFMAX |
Wells Fargo Advantage Moderate Balanced Fund |
The entire Wells Capital Management, Inc. team of Doug Beath, Petros Bocray and Jeffrey P. Mellas |
Christian Chan and Kandarp Acharya |
8/13 |
WRAIX |
Wilmington Multi-Manager Alternatives |
Daniel Keating |
Everyone else remains. |
8/13 |