388 / 708
2
Timothy Hartch
BBH Global Core Select
BBGNX
Timothy Hartch went from zero to more than $1 million
at this three-year-old fund. I find it particularly
encouraging to see this kind of statement at a fairly
young fund. Hartch also has more than $1 million
invested in
BBH Core Select
BBTEX. Perhaps he sees
promise that Global Core Select can match BBH Core
Select’s excellent long-term record.
Greg Nathan
FPA US Value
FPPFX
Greg Nathan was named manager of this fund in
September
2015
, and he wasted no time investing in
it. When Nathan came on board, the fund changed
strategies from growth to value, and we’re still in early
days of seeing what Nathan can do. Prior to this
assignment, Nathan worked on
FPA Crescent
FPACX
with manager Steve Romick.
Ford O’Neil
Fidelity Strategic Income
FSICX
Comanager Ford O’Neil boosted his investment from
the
$10
,
000
to
$50
,
000
range to more than
$1
million.
Comanager Joanna Bewick has
$100
,
000
to
$500
,
000
invested. I like the commitment at this Silver-rated fund.
The wide-ranging fund moves among junk bonds,
emerging-markets debt, U.S. government bonds, and
developed-markets foreign debt. Bewick has been
with the fund since
2008
, and O’Neil joined in
2012
.
Possible Manager Buying
Some managers moved from the
$500
,
000
to
$1
million
range to more than
$1
million. It’s possible they
were just under the line and appreciation alone carried
them over, but it is more likely that they did add
to their investment. In either case, they are over
$1
million and have further aligned their interests
with fundholders’.
Mark Finn
T. Rowe Price Value
TRVLX
Mark Finn took over at this Bronze-rated fund at the
end of
2009
, and it’s good to see him above the
$1
million level. He has modestly beaten the Russell
1000
Value and handily beaten the average large-value
fund over his tenure. Finn aims for solid firms trading
at modest discounts, thus putting him in the relative
value camp rather than deep value. That approach has
generally steered the fund away from extremes such
as the losses suffered by deep-value funds in
2015
.
Benjamin Segal
Neuberger Berman International
Equity
NIQVX
We rate this fund Silver, and apparently manager
Benjamin Segal shares our high opinion of the
fund. He has more than
$1
million of his own money
at stake in the fund. We were impressed that
Segal outperformed in
2014
and
2015
despite the fact
that the fund isn’t meant to be a defensive vehicle.
His strategy emphasizes steady growth and covers
the entire market-cap spectrum.
Daniel Davidowitz
Polen Growth
POLRX
We recently started covering this fund. It has a Bronze
rating, and comanager Daniel Davidowitz topped
the
$1
million investment level to confirm his conviction
in the fund. The fund has built a solid record by
investing in high-quality names with low debt levels.
Davidowitz runs the fund alongside Damon Ficklin,
and they’ve built a strong record. They run a focused
fund with fewer than
25
names, headed by market
leaders like
Visa
V,
Nike
NKE
, and
FB
.
Richard Lane
Broadview Opportunity
BVAOX
Richard Lane is now over the
$1
million level at this
small-cap gem. We rate the fund Silver because of its
long, impressive record in picking small-cap stocks.
Lane has been there since
1997
, and his three coman-
Which Managers Are Buying and Selling Their Funds?
Continued From Cover
Big Changes in Manager Ownership
Rising Investment
Ticker
Portfolio Manager
Old Range
New Range
TCW Total Return
TGLMX
Tad Rivelle
0
>$1 Million
BBH Global Core Select
BBGNX
Timothy Hartch
0
>$1 Million
FPA US Value
FPPFX
Greg Nathan
0
>$1 Million
Fidelity Strategic Income
FSCIX
Ford O'Neil
$10k–$50k
>$1 Million
T. Rowe Price Value
TRVLX
Mark Finn
$500k–$1M >$1 Million
Neuberger Berman Intl Eq
NBIIX
Benjamin Segal
$500k–$1M >$1 Million
Polen Growth
POLIX
Daniel Davidowitz
$500k–$1M >$1 Million
Broadview Opportunity
BVAOX
Richard Lane
$500k–$1M >$1 Million
Declining Investment
Cohen & Steers Realty
CSRSX
Tom Bohjalian
$10k–$50k
0
Manning & Napier Pro-Blend Ext Term MNBAX Marc Tommasi
>$1 million
0
Virtus Foreign Opportunities
JVJAX
Rajiv Jain
>$1 million
0
Royce Microcap
RYOTX
Chris Flynn
>$1 million
0