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Friday, February 03, 2012

Changes are Afoot at VantagePoint

News summary by MFWire's editors

A New Year means new changes for VantagePoint Investment Advisers. Morningstar reports a number of changes in the funds offered by VantagePoint, the fund family whose shareholders are mostly public sector employees.

Specifically, VantagePoint Growth recently cut ties with subadvisors Legg Mason Capital Management, Tukman Capital Management and D.G. Capital Management. In their stead are three new subadvisors -- Atlanta Capital Management and Victory Capital -- while Columbus Circle and Westfield Capital are still on board.

Also, Mark Giambrone, who is a manager from subadvisor Barrow, Hanley, Mewhinney & Strauss, is no longer running a portion of VantagePoint Equity Income's assets.  

Edited by: HFD

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