just hired Jessica Toonkel
's replacement at InvestmentNews
. The MFWire.com
has learned that Fund Action
alum Jason Kephart
joined Manhattan-based InvestmentNews
on Monday as the reporter covering the mutual fund beat.
Fund Action, an Institutional Investor
newsletter also based in New York, recently rebranded as Fund Industry Intelligence
could not immediately reach FII managing editor Mike Schnitzel
for comment on how Kephart's duties are being handled.
Pavia, editor of InvestmentNews, referred inquiries directly to Kephart. InvestmentNews is published by Chicago-based Crain Communications
Kephart previously worked in a part-reporter, part-research role at Smart Money Magazine
before joining Fund Action. He spent about 18 months at the trade pub focusing on the mutual fund industry. So why did he jump to InvestmentNews?
"It was just a great opportunity," Kephart told MFWire.com
Kephart succeeds InvestmentNews' prior mutual fund beat reporter, Jessica Toonkel
, who also previously worked at Fund Action. Toonkel moved to Reuters this summer [see MFWire.com, 8/22/2011
Another Fund Action reporter also moved on this year. In November Jean Heinz
joined LPL Financial
[see our sister publication, The 401kWire, 11/11/2011
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