Fund Openings, Closings, Manager Moves: Alliance Quasar Manager Jumps Ship After One Month

Mark Cuneen, who took Alliance Quasar's reins just over a month ago, has dropped the struggling small-cap growth fund to run two others at Seligman.

At his new shop, Cuneen will run (SLFRX Quote)Frontier and co-manage (SHGAX Quote)Global Smaller Companies. He's replacing Arsen Mrakovcic, who took over Frontier in 1995 and was routinely throttled by the competition, according to Morningstar. The global fund has a solid record, but the fund was, and will continue to be, co-managed by Iain Clark.

Mrakovcic will officially leave Seligman at the end of this month, according to a company spokeswoman. ...