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 |
|
ASFAX |
Absolute Strategies |
No one, but . . . |
Sabal Capital Management will become the eleventh subadviser to the fund |
12/13 |
|
RAGHX |
AllianzGI Wellness Fund |
Ken Tsuboi |
Michael Dauchot and Paul Wagner remain on this determinedly regrettable fund |
12/13 |
|
AMECX |
American Funds Income Fund of America |
Grant Cambridge leaves the fund, but not the firm |
David Daigle joins the rest of the team. |
12/13 |
|
BHGIX |
Baird LargeCap |
Kenneth Hemauer and Douglas Guffy |
Matthew Malgari |
12/13 |
|
CFIMX |
Clipper Fund |
Ken Feinberg seems to have been shown the door |
Danton Goei |
12/13 |
|
AXEAX |
Columbia European Equity |
No one, but . . . |
Nick Davis joins Dan Ison |
12/13 |
|
RPFGX |
Davis Financial |
Ken Feinberg “will be departing our firm” and is being removed from all his funds |
Chris Davis, who managed the fund for 16 years, returns |
12/13 |
|
NYTVX |
Davis New York Venture |
Ken Feinberg |
Danton Goei |
12/13 |
|
FDTTX |
Fidelity Advisor Capital Development |
Harlan Carere |
Matt Fruhan |
12/13 |
|
FDGTX |
Fidelity Advisor Dividend Growth |
Larry Rakers is leaving the fund, but remaining with the firm. |
Ramona Persaud will take the lead |
12/13 |
|
FEIAX |
Fidelity Advisor Europe Capital Appreciation Fund |
No one, but . . . |
Stefan Lindblad joins Risteard Hogan to oversee the final days before the fund’s merger |
12/13 |
|
FICDX |
Fidelity Canada Fund |
No one, but . . . |
Risteard Hogan is joining Doug Lober as a comanager |
12/13 |
|
FDEQX |
Fidelity Disciplined Equity Fund |
Keith Quinton |
Alex Devereaux is now the sole portfolio manager |
12/13 |
|
FDGFX |
Fidelity Dividend Growth |
Larry Rakers is leaving the fund after five solid years characterized by high returns and high volatility, but he is remaining with the firm. |
Ramona Persaud, who manages two mediocre equity-income funds, will take the lead |
12/13 |
|
FIEUX |
Fidelity Europe Fund |
No one, but . . . |
Stefan Lindblad joins Risteard Hogan to oversee the final days before the fund’s merger |
12/13 |
|
FECAX |
Fidelity Europe Capital Appreciation Fund |
No one, but . . . |
Stefan Lindblad joins Risteard Hogan to oversee the final days before the fund’s merger |
12/13 |
|
FSPCX |
Fidelity Select Insurance Portfolio |
Court Dignan is leaving this fund, but remaining on Fidelity Mid Cap Value |
Peter Deutsch is now the sole portfolio manager |
12/13 |
|
FJBAC |
Fidelity VIP Balanced Portfolio |
Larry Rakers is leaving the fund, but not the firm |
The Stock Selector Large Cap Team, which includes Bob Stansky in the lead of sector specialists Douglas Simmons, Brian Lempel, Tobias Welo, Monty Kori, Steve Kaye, Jonathan Kasen, Pierre Sorel, Bob Lee, and Peter Saperstone |
12/13 |
|
LOVIX |
First Pacific Low Volatility Fund |
Brian Ishihara is leaving |
Terrence Lee will remain as portfolio manager |
12/13 |
|
HRUBX |
Harbor Unconstrained Bond Fund |
Chris Dialynas is going on sabbatical |
Bill Gross will take over this low-cost clone of PIMCO Unconstrained |
12/13 |
|
JCHLX |
JHancock China Emerging Leaders |
Yang Liu |
Joseph Chi, Jed Fogdall, Henry Gray, and Karen Umland |
12/13 |
|
HSKAX |
JPMorgan Market Neutral |
Peter Beebee |
Terance Chen takes over a fund that has trailed 90% of its peers over the past 1, 3 and 5 years while charging a premium price. |
12/13 |
|
LCSAX |
LoCorr Long/Short Commodity Strategies |
Galliard Capital Management |
Nuveen Asset Management |
12/13 |
|
MHBAX |
Mariner Hyman Beck |
Annette Cazenave and Eric Gurdian of RJO Investment Management |
Brad Lloyd and Aron Schnell of Monte Capital Group though it’s unclear that any change will address the challenge of the managed futures model |
12/13 |
|
OASVX |
Optimum Small-Mid Cap Value Fund |
Graham Wong leave the team |
Prashant Inamdar joins the team. |
12/13 |
|
PIPAX |
PIMCO International StocksPLUS AR Strategy |
Chris Dialynas is going on sabbatical |
Marc Seidner |
12/13 |
|
PUBAX |
PIMCO Unconstrained Bond Fund |
Chris Dialynas is going on sabbatical |
Bill Gross will take over. |
12/13 |
|
PHASX |
Principal MidCap Growth Fund III |
Subadvisors Jacobs Levy Equity Management and Turner Investments are out, along with the entire management team. |
Robert W. Baird & Co and William Blair & Co, are in. The team consists of Kenneth Hemauer, Charles Severson, Robert Lanphier, and David Ricci |
12/13 |
|
REDSX |
Russell US Defensive Equity |
Richard Yasenchak |
David Hintz |
12/13 |
|
RMCAX |
Russell US Mid Cap Equity |
Richard Yasenchak |
Jon Eggins |
12/13 |
|
SLASX |
Selected American |
Ominous wording: “As of January 1, 2014 Kenneth Feinberg will be removed as a portfolio manager” after 15 years |
Danton Goei |
12/13 |
|
NFSAX |
State Farm International Index Fund |
Shaun Murphy |
Steven Santiccioli |
12/13 |
|
FNAPX |
Strategic Advisers Small-Mid Cap Multi-Manager Fund |
Alger Asset managers are out as a subadvisor |
The rest of the extensive team remains. |
12/13 |
|
SSMIX |
Symons Small Cap Institutional Fund |
Richard Foran leaves |
Colin Symons remains, and is joined by Matthew Karr. |
12/13 |
|
RPIBX |
T. Rowe Price International Bond |
Ian Kelson is stepping back, but not yet retiring |
Arif Husain will take the lead and Chris Rothery will remain as a comanager |
12/13 |
|
PRJPX |
T. Rowe Price Japan Fund |
M. Campbell Gunn is retiring, citing health issues |
Archibald Ciganer will take his place |
12/13 |
|
TMOAX |
Touchstone Mid Cap Value Opportunities |
Brett Hawkins |
Donald Cleven |
12/13 |
|
IBALX |
Transamerica Multi-Managed Balanced |
BlackRock Financial Management is no longer a subadviser to the fund |
Aegon USA Investment Management is the new subadviser to the fund |
12/13 |
|
DVIBX |
Transamerica Partners Balanced |
BlackRock Financial Management is no longer a subadviser to the fund |
Aegon USA Investment Management is the new subadviser to the fund |
12/13 |
|
DVGCX |
Transamerica Partners Core Bond |
BlackRock Financial Management is no longer a subadviser to the fund |
Aegon USA Investment Management is the new subadviser to the fund |
12/13 |
|
DVHYX |
Transamerica Partners High Yield |
Eaton Vance Management is no longer a subadviser to the fund |
Aegon USA Investment Management is the new subadviser to the fund |
12/13 |
|
VEXPX |
Vanguard Explorer |
Jack Granahan is stepping back, but remains with Granahan Investment Management |
The rest of the team, including comanagers Gary Hatton and Jane White, remain on the fund |
12/13 |
|
VWESX |
Vanguard Long-Term Investment Grade |
No one, but . . . |
The Vanguard Group is added as a secondary adviser to a modest portion of the Fund’s assets. |
12/13 |
|
WHGSX |
Westwood SmallCap Value |
Graham Wong leaves the team |
Prashant Inamdar joins the team. |
12/13 |
|
WHGMX |
Westwood SMidCap |
Graham Wong leaves the team |
Prashant Inamdar joins the team. |
12/13 |
|
WHGPX |
Westwood SMidCap Plus |
Graham Wong leaves the team |
Prashant Inamdar joins the team. |
12/13 |
