A trio of colleagues are stepping up to run a $379.9-million mutual fund as the fund's regular PM is indisposed.
that vice president Michael Lippert
, PM of the three-star, neutral-rated Baron Opportunity Fund
, "has been involved in a serious bicycle accident." Starting last Thursday, August 27, Ashim Mehra
, Neal Rosenberg
, and Alex Umansky
took over as temporary co-PMs of the fund "while Mike is recovering." Baron initially revealed the temporary change in a pair
Umansky PMs two other Baron funds, the Fifth Avenue Growth Fund
and the Global Advantage Fund
. Mehra and Rosenberg, on the other hand, are already senior research analysts on the Opportunity Fund
Lippert has PMed the Opportunity Fund
for more than nine years. An alumnus of Tufts and Columbia, Lippert worked at JLF Asset Management and Baker & Botts before joining Baron in 2001.
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