Dreman Value Management's president, James Hutchinson, is no longer part of the portfolio management team at two of the Jersey City, New Jersey-based company's mutual funds. [ SEC filing]

The two funds are $109.3 million Dreman High Opportunity and $8.5 million Dreman Market Over-Reaction.

Hutchinson could not immediately be reached for comment.

Mark Roach, who joined Dreman in 2006 as managing director and portfolio manager, is now a member of the PM team for those two funds and the Dreman Contrarian International Value Fund, according to the filing.  

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