It’s a quiet month on the manager change front. While nominally there’s a greater deal of management turnover in a given year, practically most of it is insignificant because the 27th member of a team leaves and is replaced by an equally adept newbie. This is one of those months. We’ve identified 35 manager changes this month, few involving the installation of an entire new team and only two or three affecting “household names.”
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 |
| ATHAX | American Century Heritage | As of March 1, 2017, David Hollond will no longer be listed as a manager for the fund. | Nalin Yogasundram will join Greg Walsh in managing the fund. | 2/17 |
| ACAQX | American Century All Cap Growth | As of March 1, 2017, David Hollond will no longer be listed as a manager for the fund. | Michael Orndorff and Marcus Scott will continue to manage the fund. | 2/17 |
| BBHLX | BBH International Equity Fund | Nigel Bliss and Andrew Porter are no longer listed as portfolio managers for the fund. | Jonathan Allen, Chad Clark, Loren Lewallen, Matthew Pickering and Brian Vollmer will now manage the fund. | 2/17 |
| BACAX | BlackRock All-Cap Energy & Resources Portfolio | Poppy Allonby is no longer listed as a portfolio manager for the fund. | Alastair Bishop will continue to manage the fund. | 2/17 |
| SSGRX | BlackRock Energy & Resources Portfolio | Poppy Allonby is no longer listed as a portfolio manager for the fund. | Alastair Bishop will continue to manage the fund. | 2/17 |
| CADVX | Calamos Dividend Growth Fund | David Kalis will no longer serve as a portfolio manager for the fund. | John Calamos, John Hillenbrand and Jon Vacko will continue to manage the fund. | 2/17 |
| CAGEX | Calamos Global Equity Fund | David Kalis will no longer serve as a portfolio manager for the fund. | John Calamos, John Hillenbrand, Nick Niziolek, Eli Pars, Jon Vacko and Dennis Cogan will continue to manage the fund. | 2/17 |
| CVLOX | Calamos Global Growth and Income | David Kalis will no longer serve as a portfolio manager for the fund. | John Calamos, R. Matthew Freund, John Hillenbrand, Nick Niziolek, Eli Pars, Jon Vacko, Dennis Cogan and Joe Wysocki will continue to manage the fund. | 2/17 |
| CVTRX | Calamos Growth and Income Fund | David Kalis will no longer serve as a portfolio manager for the fund. | John Calamos, R. Matthew Freund, John Hillenbrand, Eli Pars, Jon Vacko and Joe Wysocki will continue to manage the fund. | 2/17 |
| CVGRX | Calamos Growth Fund | Michael Roesler and David Kalis are no longer listed as portfolio managers for the fund. | Michael Grant joins John Hillenbrand, Jon Vacko and John Calamos in managing the fund. | 2/17 |
| CMSFX | Cavalier Multi Strategist Fund | Parasol Investment Management will no longer subadvise the fund. | Cavalier Investment LLC will directly manage the portfolio sleeve previously allocated to Parasol. The rest of the team remains. | 2/17 |
| FJACX | Fidelity Series Small Cap Discovery Fund | No one, yet, but Charles Myers will no longer serve as a portfolio manager, effective December 31, 2017 | Derek Janssen will continue to manage the fund. | 2/17 |
| FCARX | Fiera Capital Diversified Alternatives Fund | Charles Korchinski is no longer listed as a portfolio manager for the fund. | Geoffrey Doyle, Mark Jurish, Rasheed Sabar, Kazuhiro Shimbo, Rajiv Sobti and Alexandre Voitenok continue to manage the fund | 2/17 |
| FCIVX | Frontier MFG Core Infrastructure Fund | Dennis Eagar stepped down from his portfolio management responsibilities. | Ben McVicar joins Gerald Stack as a portfolio manager of the fund. | 2/17 |
| HSCSX | Homestead Small Company Stock Fund | Gregory Halter is no longer listed as a portfolio manager for the fund. | Mark Ashton and Prabha Carpenter will continue to manage the fund. | 2/17 |
| HOVLX | Homestead Value Fund | Gregory Halter is no longer listed as a portfolio manager for the fund. | Mark Ashton and Prabha Carpenter will continue to manage the fund. | 2/17 |
| GTNDX | Invesco Global Low Volatility Equity Yield Fund | Andrew Waisburd will no longer serve as a portfolio manager for the fund. | Donna Chapman Wilson, Michael Abata, Charles Ko, Nils Huter, Jenz Langewand and Uwe Draeger continue to manage the fund. | 2/17 |
| JDEAX | JPMorgan Disciplined Equity Fund | Aryeh Glatter is no longer listed as a portfolio manager for the fund. | Raffaele Zingone, Steven Lee and Tim Snyder will continue to manage the fund. | 2/17 |
| LCAOX | Lazard Capital Allocator Opportunistic Strategies Portfolio | David Cleary and Christopher Komosa are no longer listed as portfolio managers for the fund. | Jai Jacob, Stephen Marra, Tom McManus and Kim Tilley will now manage the fund. | 2/17 |
| GOBAX | Legg Mason BW Global Opportunities Bond Fund | No one, but . . . | Anujeet Sareen joins David Hoffman, Stephen Smith and John McIntyre on the management team. | 2/17 |
| MMYAX | MassMutual Select Small Company Value Fund | Andrew Waisburd will no longer serve as a portfolio manager for the fund. | Donna Chapman Wilson and Michael Abata join Stephen Gutch, J. David Wagner, Charles Ko, Glen Murphy and Martin Jarzebowski on the management team. | 2/17 |
| MSIBX | Morgan Stanley Institutional Fund (MSIF) Active International Allocation Portfolio | No one yet, but effective June 30, 2017, Ann Thivierge will depart as a portfolio manager. | Ben Rozin, Munib Madni and Jitania Kandhari join the management team. | 2/17 |
| NWHVX | Nationwide Geneva Mid Cap Growth Fund | Michelle Picard will no longer serve as a portfolio manager for the fund. | Amy Croen, William A. Priebe and William Scott Priebe will continue to manage the fund. | 2/17 |
| NWHZX | Nationwide Geneva Small Cap Growth Fund | Michelle Picard will no longer serve as a portfolio manager for the fund. | Amy Croen, William A. Priebe and William Scott Priebe will continue to manage the fund. | 2/17 |
| WAYEX | Navian Waycross Long/Short Equity Fund | No one, but . . . | Benjamin Thomas is joined by John Ferreby in managing the fund. | 2/17 |
| NGDAX | Neuberger Berman Guardian Fund | No one, but . . . | Marc Regenbaum joins Charles Kantor (“a regular commentator on CNBC” we’re assured) in managing the fund. | 2/17 |
| NTHFX | Northeast Investors Growth Fund | William Oates, Jr. is now deceased, and thus will no longer serve as a portfolio manager of the fund. | John Francini and Nancy Milligan will continue to manage the fund. | 2/17 |
| OPPAX | Oppenheimer Global Fund | No one, but . . . | Rajeev Bhaman is joined by John Delano in managing the fund. | 2/17 |
| OSTIX | Osterweis Strategic Income Fund | No one yet, but effective May 15, 2017, Simon Lee will be retiring from Osterweis. | Craig Manchuck joins Bradley Kane and Carl Kaufman on the management team. | 2/17 |
| OSTVX | Osterweis Strategic Investment Fund | No one yet, but effective May 15, 2017, Simon Lee will be retiring from Osterweis. | Craig Manchuck joins Bradley Kane and Carl Kaufman on the management team. | 2/17 |
| PDVAX | PIMCO Diversified Income Fund | No one, but . . . | Sonali Pier joins Eve Tournier, Daniel Ivascyn and Alfred Murata on the management team. | 2/17 |
| REQAX | Russell U.S. Defensive Equity Fund | Richard Johnson and David Hintz are no longer listed as portfolio managers for the fund. | James Barber and Megan Roach will now manage the fund. | 2/17 |
| SILCX | State Street Institutional U.S. Large-Cap Core Equity Fund | Paul Reinhardt and Stephen Gelhaus are no longer listed as portfolio managers for the fund. | David Carlson and Chris Sierakowski are now running the fund. | 2/17 |
| VWINX | Vanguard Wellesley Income Fund | No one, but . . . | Michael Stack and Loren Moran join John Keogh and W. Michael Reckmeyer in managing the fund. | 2/17 |
