The Fund Manager Shuffle

Fidelity and Pimco are among several fund companies to change fund managers in May.
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It's always important to keep a close watch on the fundamentals and performance of any of your mutual funds. But it's also important to know about the wizard behind the curtain pulling on the strings and running your investment.

That's why we're monitoring the manager changes going on at the mutual funds we track. Below is a list of the changes that took place during May.




, Daniel Kelley started managing

(FSHOX) - Get Report

Select Construction and Housing (FSHOX). Kelley's focus has been on office and residential construction as well as specialized REITs. He arrived at Fidelity in 2005 after stints at Morgan Stanley and Goldman Sachs.

Elsewhere at Fidelity, Melissa Reilly assumed a managerial position for


Europe Capital Appreciation (FAEAX) and


Advisor Europe Capital Appreciation (FIEAX) and a co-manager position for


Global Balanced (FGBLX). She began at Fidelity in 2004, working primarily in the international food manufacturing, HPC, luxury goods and general retail sectors.

Matthew Sabel took the helm at

(FACDX) - Get Report

Advisor Health Care (FACDX). He started in Fidelity's equity research department in 2000 after serving as a health care consultant at Putnam Associates. Sabel succeeded Aaron Cooper, who moved to a managing director of research position.

Edward (Eddie) Lee Yoon succeeded Cooper, who was also portfolio manager of

(FSMEX) - Get Report

Select Medical Equipment and Systems (FSMEX). Since joining Fidelity as an equity research analyst in 2006, Yoon has concentrated on medical technology companies.




, William H. Gross, CFA, became manager of


ING Partners Pimco Total Return (IPRAX).

Cyrille Conseil was named portfolio manager for the closed-end

(PFL) - Get Report

Floating Rate Income (PFL) and

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Floating Rate Strategy (PFN). Conseil succeeded Ray Kennedy, who announced his retirement. Conseil started at Pimco in 1998 as senior member of Pimco's credit research division.

Icon Funds

Derek Rollingson and Robert Strauss assumed managerial positions of


(ICENX) - Get Report

Energy (ICENX). Rollingson joined the firm in 2000, prior to which he worked as a research analyst at Navigant Consulting. Strauss came aboard the following year. Todd Burchett took on sole management of

(ICHCX) - Get Report

Healthcare (ICHCX) and

(ISTAX) - Get Report

Long/Short (ISTAX). Prior to joining Icon in 2005, Burchett was a research and training assistant at Ohio State University.

American Century

John T. Small Jr. became manager of

American Century

(ACFDX) - Get Report

Legacy Focus Large-Cap (ACFDX),

(ACMFX) - Get Report

Legacy Multi-Cap (ACMFX) and


Legacy Large-Cap (ACGDX).


Robert Loest was named manager of



Health Sciences (IHLAX),

(ICPAX) - Get Report

Small-Cap Growth (ICPAX) and


Technology (ITKAX). Loest, who has a Ph.D. in biology, has been a money manager since 1987.

Delaware Investments

Paul Grillo and Roger A. Early became managers of



Inflation Protected Bond (DIPAX). Grillo came to Delaware Investments in 1992 from Dreyfus and works in the firm's taxable fixed-income portfolio management unit. Early rejoined the company in March 2007, having previously been a senior portfolio manager there from 1994 to 2001.

Marc L. Baylin, CFA, assumed management of


Oppenheimer Enterprise (OENAX). Baylin has served on the manager's growth equity investment team since September 2005.

AIM Investments



, Brendan Gau and Jan H. Friedli started managing the

(AGOVX) - Get Report

Intermediate Government (AGOVX) and

(SHTIX) - Get Report

Limited Maturity Treasury (SHTIX). Gau currently manages nine funds at the firm. He joined AIM in 1996 as a fixed-income securities analyst and has also worked as a fixed-income and foreign currency trader during his tenure there. Friedli joined AIM in 1999 after being a global fixed-income portfolio manager at Nicholas-Applegate Capital Management.


Brent Reeder took over as sole manager of the


(SXPAX) - Get Report

S&P 500 Index (SXPAX).

Eaton Vance

Eaton Vance

selected Robert Lloyd George, head of Lloyd George Management, to manage its


Emerging Markets (ETEMX). George's eponymous firm focuses on accomplishing long-term growth in Asian and other emerging markets.


Andrew Acker assumed sole leadership of


(JAGLX) - Get Report

Global Life Science (JAGLX). Since joining Janus as a securities analyst in 1999, Acker has managed accounts and undertaken research analysis.