Top Manager Departs Berger, Reportedly After Failed Move Against CEO

Following a failed palace coup, one of Berger Funds' top managers is out the door and another is said to be looking for a new job, according to several sources.

Amy Selner, who posted triple-digit returns last year running Berger's (BEMGX Quote)Mid Cap Growth and (BESCX Quote)Small Company funds, was sent packing after trying to oust the company's CEO, Jack Thompson, the sources say. Berger announced Thursday that she was leaving, though there was no official comment on the reasons behind the departure.

Her departure is the latest in a series of upheavals at the $7 billion fund company. She's the fourth portfolio manager to have left in the past 18 months, and the bloodletting may not be over yet. ...