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Friday, May 11, 2012

Three Columbia PMs Replace Two

News summary by MFWire's editors

A three-star, $834-million Columbia [profile] fund is under new management. Morningstar reports that Columbia Strategic Investor Fund co-PMs Emil Gjester and Jonas Patrikson stepped down from helming the fund and will leave the mutual fund firm this summer. MStar blamed a "lackluster record" for the fund in recent years.

Steven Schroll, Laton Spahr and Paul Stocking, have taken over the fund. Michael Welter, also part of the management team, will stay as an analyst. 

Edited by: HFD


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