Lord, Abbett Realigns Large, Mid-Cap Teams

July 9, 2008 (PLANSPONSOR.com) - Lord, Abbett & Co. LLC has announced a realignment of its existing Large and Mid Cap research resources into a single team.

Rick Ruvkun has been named Director of Large and Mid Cap Research, and will lead the team responsible for company-specific research, industry and sector analysis, and the broad implications of economic and financial market influences on these asset classes. These changes are effective July 28.

The Small Cap Equity, International Equity and Fixed Income investment disciplines are not affected by these changes.

According to announcement, Ruvkun has more than 20 years of investment management experience, managing both portfolios and research teams. He will lead the team of 17 equity research analysts, currently assigned to the Large Cap Value, Large Cap Core, Large Cap Growth, Mid Cap Value and Mid Cap Growth equity strategies.

Ruvkun joined Lord Abbett in 2006, and was most recently Portfolio Manager of the Mid Cap Growth Fund.   Paul Volovich, who joined the firm in 1997, and was most recently a portfolio manager on the Large Cap Core Fund, will assume lead Portfolio Management for this strategy.   The Large Cap Core Fund will continue to be led by Dan Frascarelli, Lord Abbett Partner and Portfolio of Large Cap Core Equity.

In addition, after 20 years with Lord Abbett, Ed von der Linde, who was most recently responsible for the Mid Cap Value and America’s Value funds, has decided to leave the firm. Howard Hansen, Lord Abbett Partner, will continue with portfolio management responsibilities for the Mid Cap Value Fund, which he has been co-managing since 1997. Chris Towle, Lord Abbett Partner, who co-managed America’s Value Fund since its inception, has assumed lead portfolio management responsibilities.