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Fund Times

Fund Times: Openings, Closings, & Manager Changes

Merrill Lynch, American Century, Nicholas-Applegate, PIMCO, Thurlow, others.

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Merrill Lynch Hires a New Tech Manager
Yet another new era has begun at Merrill Lynch Global Technology (MAGTX).

Merrill has hired private investment manager David Poiesz, 44, to take over this long-troubled fund. Poiesz replaces Elise Baum, a relative-value manager who has served as an interim caretaker of the portfolio after manager Paul Meeks left late last year. Baum will continue running Merrill Lynch Small Cap Value (MBSPX) and Merrill Lynch Mid Cap Value (MARFX).

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