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 |
ABYSX |
AllianceBernstein Discovery Value Fund |
Andrew Weiner, by all accounts a good and well-liked person, who passed away at 45 |
Joseph Paul and James MacGregor remain on the fund |
6/14 |
ABAGX |
AllianceBernstein Global Value |
Sharon Fay leaves the fund and her CIO of global value role, but remains with the firm |
Kevin Simms remains on the fund and assumes the CIO of global value role. Comanagers Avi Lavi and Takeo Aso also remain. |
6/14 |
ABIAX |
AllianceBernstein International Value |
Sharon Fay leaves the fund and her CIO of global value role, but remains with the firm |
Kevin Simms remains on the fund and assumes the CIO of global value role. Comanagers Avi Lavi and Takeo Aso also remain. |
6/14 |
AEPGX |
American Funds EuroPacific Growth Fund |
Rob Lovelace is no longer a comanager |
Lawrence Kymisis joins the rest of the long-tenured team. |
6/14 |
APPLX |
Appleseed Fund |
Ronald Strauss and Rick Singer have retired |
Adam Strauss, Joshua Strauss, and Bill Pekin will carry on. |
6/14 |
BVEFX |
Becker Value Equity Fund |
Robert Schaeffer has retired |
Patrick Becker, Stephen Laveson, Michael McGarr, Marian Kessler, and Andy Murray remain |
6/14 |
BCSAX |
BlackRock Commodity Strategy Fund |
No one, but . . . |
Ricardo Fernandez joins the team of Robin Batchelor, Evy Hambro, Poppy Allonby, Catherine Raw, and Rob Shimell |
6/14 |
CVSIX |
Calamos Market Neutral Income Fund |
Christopher Hartman is out |
Eli Pars joins the team of John Calamos, Sr., Gary Black, Jason Hill, and Brendan Maher. |
6/14 |
DVFAX |
Cohen and Steers Dividend Value Fund |
No one, but . . . |
Christopher Rhine, Anatoliy Cherevach, and Jamelah Leddy join Richard Helm |
6/14 |
NMIAX |
Columbia Large Cap Enhanced Core Fund |
Oliver Buckley will be retiring as of July 18th |
Brian Condon will carry on |
6/14 |
AQEAX |
Columbia Large Core Quantitative Fund |
Oliver Buckley will be retiring as of July 18th |
Brian Condon will carry on |
6/14 |
RDLAX |
Columbia Large Growth Quantitative Fund |
Oliver Buckley will be retiring as of July 18th |
Brian Condon will carry on |
6/14 |
RLCAX |
Columbia Large Value Quantitative Fund |
Oliver Buckley will be retiring as of July 18th |
Brian Condon will carry on |
6/14 |
FUTEX |
Discretionary Managed Futures Strategy Fund |
No one, but . . . |
Stephen Luongo joined the team of Brian Borneman, Robert Johnson, John Milne, Robert Vear, and Deborah Wingerson |
6/14 |
VSFAX |
Federated Clover Small Value Fund |
No one, but . . . |
Martin Jarzebowski joins Lawrence Creatura and Stephen Gutch |
6/14 |
FINWX |
Fidelity Advisor International Bond Fund |
Matthew Conti |
Michael Foggin and Constantin Petrov join Curt Hollingsworth in running the fund |
6/14 |
FPPFX |
FPA Perennial Fund |
Steven Geist has retired after 15 years |
Eric Ende, Geist’s partner since the fund’s inception, and Gregory Herr |
6/14 |
FEMDX |
Franklin Templeton Emerging Market Debt Opportunities Fund |
Claire Husson-Citanna is out |
Nicholas Hardingham joins William Ledward in running the fund |
6/14 |
PGEOX |
George Putnam Balanced Fund |
David Calabro is off the fund |
Aaron Cooper and Kevin Murphy are now the portfolio managers |
6/14 |
GTEAX |
Gottex Endowment Strategy Fund |
William Landes is out |
Michael Azlen and Kevin Maloney |
6/14 |
HLEAX |
Hartford Global Equity Income Fund |
Mark Mandel and Cheryl Duckworth |
Ian Link, W. Michael Reckmeyer, and John Ryan are in. |
6/14 |
HRAAX |
Hartford Growth Allocation Fund |
Wendy Crowell and Richard Meagher |
Vernon Meyer |
6/14 |
LCEAX |
Invesco Diversified Dividend Fund |
Jonathan Harrington is out |
Meggan Walsh, Robert Botard, and Kristina Bradshaw remail |
6/14 |
PZFVX |
John Hancock Classic Value Fund |
Antonio DeSpirito III resigned as a vice president at Pzena and, in consequence, is off the fund. Perhaps he was DeSpirited away? |
Richard Pzena, John Goetz, and Benjamin Silver |
6/14 |
JCOAX |
John Hancock Greater China Opportunities Fund |
Oscar Kin Fai Leung is no longer a portfolio manager |
Ronald Chan and Kai Kong Chay will remain on the fund. |
6/14 |
LMEMX |
Legg Mason Batterymarch Emerging Markets Fund |
David Lazenby |
Russell Shtern |
6/14 |
SBSPX |
Legg Mason Batterymarch S&P 500 Index |
Austin Kairnes and Stephen Lanzendorf |
Russell Shtern and Robert Wang |
6/14 |
SBFAX |
Legg Mason Investment Counsel Financial Services Fund |
Amy LaGuardia is out |
Christopher Perry and Lee Robertson will take over the fund |
6/14 |
MNILX |
Litman Gregory Masters International Fund |
Edward Wendell and Amit Wadhwaney are out; nominally Mr. Wadhwaney of Third Avenue is retired but folks who know him are skeptical of how long that will last. |
The rest of the team remains on the fund. |
6/14 |
MHCAX |
MainStay High Yield Corporate Bond Fund |
J. Matthew Philo is no longer on the fund |
Andrew Susser continues on |
6/14 |
MDHAX |
MainStay Short Duration High Yield Fund |
J. Matthew Philo is no longer on the fund |
Andrew Susser continues on |
6/14 |
OWSOX |
Old Westbury Strategic Opportunities Fund |
There’s been a change in the management of the portion of the fund overseen by BlackRock Financial Management. John Vibert and Akiva Dickstein are out. |
Ibrahim Incoglu and Randy Robertson are in. The rest of the team remains. |
6/14 |
OMOAX |
Orinda SkyView Macro Opportunities Fund |
Orinda is resigning as investment advisor to the fund, but intends to stay deeply involved in running the fund. |
Upon shareholder approval, Vivaldi Asset Management will take over as investment advisor to the fund. |
6/14 |
OHEAX |
Orinda SkyView Mulit-Manager Hedged Equity Fund |
Orinda is resigning as investment advisor to the fund, but intends to stay deeply involved in running the fund. |
Upon shareholder approval, Vivaldi Asset Management will take over as investment advisor to the fund. |
6/14 |
EITEX |
Parametric Tax-Managed Emerging Markets Fund |
No one, but . . . |
Timothy Atwell joins Thomas Seto and David Stein as a comanger on the fund. |
6/14 |
ETIGX |
Parametric Tax-Managed International Equity Fund |
No one, but . . . |
Paul Bouchey joins Thomas Seto and David Stein as a comanger on the fund. |
6/14 |
PARSX |
Parnassus Small-Cap |
Jerome Dodson, Parnassus’ founder and father of Bretton Fund’s Stephen Dodson |
Ryan Wilsey will continue as the sole manager |
6/14 |
PCGRX |
Pioneer Mid-Cap Value Fund |
Timothy Horan |
Edward Shadek, Jr. remains as the sole portfolio manager |
6/14 |
CMNWX |
Principal Capital Appreciation Fund |
Sarah Radecki is out. |
Philip Foreman and Daniel Coleman remain on the fund. |
6/14 |
PFAFX |
Principal International I |
James Fennessey and Randy Welch are out |
John Birkhold, Chris Carter, Nigel Dutson, Tarlock Randhawa and Nerys Weir are in |
6/14 |
PGJAX |
Prudential Jennison Global Infrastructure Fund |
No one, but . . . |
Brannon Cook will join Shaun Hong and Ubong Edemeka as a portfolio manager for the fund. |
6/14 |
PZVLX |
Pzena Long/Short Value Fund |
Antonio DeSpirito III is off the fund |
Manoj Tandon joins TVR Murti and Eli Rabinowich as a portfolio manager |
6/14 |
FUSOX |
Strategic Advisers U.S. Opportunity Fund |
Robert Vick is retiring and the four star, five billion dollar fund is being liquidated |
Brian Enyeart and John Stone will serve as co-portfolio managers and oversee the liquidation of the fund. |
6/14 |
PRFDX |
T. Rowe Price Equity Income Fund |
CIO and wise man Brian Rogers will step down at the end of October 2015 |
In a long transition plan, John Linehan will take over the fund upon Mr. Rogers retirement. |
6/14 |
TRGRX |
T. Rowe Price Global Real Estate Fund |
David Lee will be leaving April 1, 2015 |
Nina Jones will be taking over as portfolio manager |
6/14 |
PAGEX |
T. Rowe Price Global Real Estate Fund – Advisor Class |
David Lee will be leaving April 1, 2015 |
Nina Jones will be taking over as portfolio manager |
6/14 |
TVSVX |
Third Avenue Small-Cap Fund |
No one, but . . . |
Robert Rewey, III, joins Charles Page, Tim Bui, and Curtis Jensen as a portfolio manager |
6/14 |
TVFVX |
Third Avenue Value Fund |
Ian Lapey is no longer listed as a portfolio manager |
Robert Rewey, III, joins Yang Lie, Michael Lehmann and Victor Cunningham as a portfolio manager |
6/14 |
TPSAX |
Thrivent Partner Small Cap Growth |
Peter Niedland and Jason Schrotberger |
Matthew Finn and David Lettenberger |
6/14 |
TSPCX |
Turner Spectrum Fund |
Joshua Kohn is gone |
The rest of the team remains on the fund. |
6/14 |
USGRX |
USAA Growth and Income Fund |
Wellington Management is out as a subadvisor, along with Francis Boggan and Mathew Megargel, who is retiring. |
The rest of the team remains on the fund. |
6/14 |
VALLX |
Value Line Larger Companies |
Stephen Grant is off the fund |
Cindy Starke becomes the new portfolio manager |
6/14 |
VEXPX |
Vanguard Explorer |
No one, but . . . |
Arrowpoint has been added as the eighth subadvisor, with Chad Mead and Brian Schaub handling that portion of the portfolio |
6/14 |
VPGDX |
Vanguard Managed Payout Fund |
No one, but … |
John Ameriks has joined Michael Buek as a comanager for the fund |
6/14 |
VWNDX |
Vanguard Windsor Fund |
Antonio DeSpirito III is off the fund |
James Nordy, John Goetz, and Richard Pzena remain. |
6/14 |
NTKLX |
Voya Multi-Manager International Small Cap Fund |
Patrick McCafferty is no longer a portfolio manager for the fund. |
Simon Thomas, Daniel Maguire, Brian Wolahan, Constantine Papageorgiou, and John Chisholm remain |
6/14 |
LWEAX |
Western Asset Emerging Markets Debt Fund |
Keith Gardner will be stepping down April 30, 2015 |
Chia-Liang Lian will join the team now, and take charge of emerging markets debt upon Mr. Gardner’s departure. The rest of the team of S. Kenneth Leech, Gordon Brown, and Robert Abad will remain. |
6/14 |
WRAAX |
Wilmington Multi-Manager Alternatives Fund |
Coleman Kennedy is out. |
The rest of the team remains, for now. |
6/14 |