Conseco Capital Management, Inc. (CCM)
said today that its senior vice president and chief equity investment officer, Thomas J. Pence
resigned unexpectedly. His resignation comes not long after a large group of the firm's fixed income managers left. Those defections were at least in part caused by the poor performance of the firm's stock.
The firm said that Erik Voss
and Paul Berg
will take over Pence's duties. He joined the firm in 1991 as part of its fixed-income team and most recently co-managed the $181 million Conseco Equity Fund and was responsible for the equity department's operations, marketing and administration.
"Tom has done us, our clients and mutual fund investors a great service and left behind one of the nation's finest equity management teams," said Maxwell Bublitz
, CCM's president and CEO. "Although the manner in which he departed was very disappointing, this team remains focused and will continue to deliver top-notch investment performance."
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