3
Morningstar FundInvestor
August 2
014
Ross Glotzbach was named a comanager of
Longleaf
Partners Small-Cap
LLSCX
on May
1
, and he
already has more than
$1
million invested. Although
this is his first portfolio manager assignment, he’s
been with Southeastern Asset Management since
2004
. At the same time he was named comanager,
Glotzbach was promoted to deputy director
of research.
First Eagle US Value
FEVAX
comanager Matt
Lamphier took on that role in March and promptly
invested more than
$1
million in the fund. Lamphier
has been on the team since
2007
.
Chris Davis became a manager at
Davis Financial
RPFGX
in the wake of Ken Feinberg’s departure. It’s
no surprise that the
CEO
and
CIO
of Davis Advisors
has invested more than
$1
million in the fund.
Managers Named in 2013 With More Than
$1 Million Invested
Win Murray and Tony Coniaris were named coman-
agers of
Oakmark Select
OAKLX
in January
2013
, so they didn’t get to
$1
million as quickly as
the four managers mentioned previously, but that’s
still pretty quick.
Lawrence Kemp was put back in charge of
Laudus
US Large Cap Growth
LGILX
last year, and he
quickly invested more than
$1
million (or he left it in
from his earlier run). Kemp had worked for
UBS
before bolting for BlackRock in
2012
. While Laudus
initially kept the fund with
UBS
, it eventually
reunited with Kemp at BlackRock.
Rick Snowdon of
Diamond Hill Large Cap
DHLAX
joined lead manager Chuck Bath with more than
$1
million invested in
2013
.
FPA Crescent
FPACX
added Brian Selmo and
Mark Landecker to the manager ranks last year, and
they put their money where their mouths were.
A wave of departures means Janus’ manager own-
ership levels have dropped, but Jonathan Coleman
quickly invested more than
$1
million in
Janus
Triton
JATTX
.
American Funds SMALLCAP World
SMCWX
manager Greg Wendt is now one of three
managers at the fund who have invested more than
$1
million in it.
Finally, Kathleen McCarragher has more than
$1
million invested in
Harbor Capital Appre-
ciation
HACAX
, as does longtime lead manager
Sig Segalas.
œ
Prominent Funds With Zero Manager Investment
Name
Fund Size Morningstar Category
PIMCO All Asset PAAIX
$34B Tactical Allocation
PIMCO Low Duration PTLDX
$22B Short-Term Bond
MFS International Value MGIAX
$20B Foreign Large Value
MainStay Hgh Yld Corp Bnd MKHCX $20B High-Yield Bond
Vanguard Int’l Value VTRIX
$9B Foreign Large Value
Franklin Hgh Yld Tax-Free Inc FRHIX $8B High-Yield Muni
PIMCO Frgn Bnd (USD-Hedged) PFORX $7B World Bond
