Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mairs and Power Picks Two PMs as a Third Prepares to Retire Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 2, 2013

Mairs and Power Picks Two PMs as a Third Prepares to Retire

Reported by Nicole Spector

Mairs & Power [profile] has changed up the PM line-up on two of its funds.

The St. Paul, Minnesota-based investment management firm has appointed Mark L. Henneman as lead PM of the Mairs & Power Growth Fund and and Ronald L. Kaliebe as lead PM of the Mairs & Power Balanced Fund. Henneman and Kaliebe assumed their new roles on July 1.

Former lead PM of both funds, William Frels has moved to a co-PM position, as he readies for retirement in 18 months.


Company Press Release

Mairs & Power Announces Lead Investment Manager Changes at Funds



ST. PAUL, Minn.--Veteran fund managers Mark L. Henneman and Ronald L. Kaliebe were named lead manager of the Mairs & Power Growth Fund and Mairs & Power Balanced Fund respectively, effective July 1st. William Frels, lead manager of both funds, moves to a co-manager role in preparation for his retirement in 18 months.

“Bill’s leadership and mentorship at Mairs & Power over the past three decades leave an important legacy. He has worked effectively with both Mark and Ron for several years and the Funds will benefit as that close working relationship continues during this planned management transition”

“Bill’s leadership and mentorship at Mairs & Power over the past three decades leave an important legacy. He has worked effectively with both Mark and Ron for several years and the Funds will benefit as that close working relationship continues during this planned management transition,” said Jon A. Theobald, President and CEO, Mairs & Power, Inc.

These portfolio management moves are being made to allow for a smooth transition in the management of the Funds during the eighteen months leading up to Frels’ mandatory retirement date of December 31, 2014 at age 75. The conservative, long-term investment management approach of both the Growth Fund and the Balanced Fund will remain unchanged.

Frels, who joined Mairs & Power in 1992, has been lead manager of the Mairs & Power Balanced Fund since then. He was co-manager of the Mairs & Power Growth Fund with George A. Mairs III from 1999 through 2004, when he became lead manager. Kaliebe, who joined Mairs & Power in 1999 and Henneman, who joined in 2004, both assumed co-manager roles at their respective funds in 2006. Henneman and Frels were named Morningstar’s Domestic Equity Fund Managers of the Year for 2012.

As of June 28, 2013, the Mairs & Power Growth Fund (MPGFX) held $3 billion in assets under management and the Balanced Fund (MAPOX) held $463 million in assets under management.
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. 2024 ICI Leadership Summit, May 21-23
  2. MFDF webinar - Mutual Fund Director Compensation: the MPI Annual Survey (2024), May 21
  3. Schwab Institutional Investor Day, May 22
  4. IMEA webinar - Opportunities in the Evolving Wealth Management Market, May 22
  5. Raymond James 2024 Analyst & Investor Day, May 23
  6. WE SoCal - How to Lead With Impact: Fireside Chat With Lorraine Le, May 23
  7. MFDF Conference of Fund Leaders Forum, June 5
  8. MFDF in-person outreach: Continuing Regulatory Impacts on Fund Boards, June 11
  9. MFDF webinar - Digital Assets in the Fund Space (Part 1 of 2), June 12
  10. 2024 MMI Leadership Pathway Seminar, Jun 12-14
  11. 2024 Nicsa Fearless Leadership Symposium, June 12
  12. Expect Miracles East Coast Classic 2024, June 13
  13. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  14. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  15. New York YPEM Cornhole Classic, June 25
  16. Morningstar Investment Conference Conference 2024, Jun 26-27
  17. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  18. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  19. MFDF Director Discussion Series - Open Forum (New York), July 23
  20. 2024 MMI Annual Conference, Oct 15-17
  21. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  22. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7
  23. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  24. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use