Eli Rabinowich no longer serves as Lord Abbett Mid Cap Stock’s lead manager and has left the firm less than three years after arriving in 2018. He was originally named head of Lord Abbett’s then-nascent value-equity department, inheriting portfolio management duties across a suite of funds in addition to personnel oversight obligations. However, his responsibilities were steadily pared back. He was removed as head of value equities in 2020 and made way for another comanager, John Hardy, later that year. Rabinowich wasn’t able to turn around this comparatively poor-performing fund, which trailed most mid-value Morningstar Category peers and the Russell Mid Cap Value Index on his watch.
Will LAVLX outperform in future?
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