A Midwestern mutual fund shop is saying goodbye to one member of its portfolio management committee for its three mutual funds. Meanwhile, another person within the company is joining that committee.

Jordan Teschendorf Fiduciary Management, Inc. Research Analyst

Pat English, CEO and chief investment officer of Fiduciary Management Inc (FMI) [profile], confirms that research analyst Jordan Teschendorf has been added to FMI's PMC. Meanwhile, per a filing with the SEC, research analyst Karl Poehls is leaving FMI effective May 31 "to pursue other business activities and personal interests."

English praises Teschendorf as "a terrific analyst." Teschendorf joined FMI a little over a year ago.

As for Poehls, he has been with FMI for eight years.

"He wanted to move to Colorado," English tells MFWire of Poehls. "He's got family out there."

"We're sad to see him leave, but we wish him the best," English adds.

FMI offers three mutual funds, all handled by its PMC. The funds are: the four-star, gold-rated, $1.1-billion FMI Common Stock Fund; the five-star, silver-rated, $3.6-billion FMI International Fund; and the four-star, gold-rated, $7.9-billion FMI Large Cap Fund. 

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