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Fund Spy: Morningstar Medalist Edition

Manager Change Data Show Why People Are Crucial to Ratings

Fund manager changes are annoyingly persistent.

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Earlier this year, Scott Kolar left  Goldman Sachs Growth Opportunities (GGOAX). His comanagers, Steven Barry and Jeffrey Rabinowitz, remain at the fund. Will they be there five years from now? Maybe, but I wouldn't bet on it.

Kolar was named comanager in 2011 when Warren Fisher and David Shell left. Fisher had been named comanager in 2009 and Shell in 1999. Before they left, Herb Ehlers, Ernest Segundo Jr., and Ken Berents left in 2005, Mark Shattan left in 2003, and George Adler and Robert Collins left in 2001.

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.