Manager Exodus at Transamerica Investment Management Spurs Restructuring

March 31, 2005 ( - Following a mass exodus of managers at Transamerica Investment Management, the subsidiary of Dutch insurer Aegon NV will restructure its equity management team.

According to Reuters, four managers with the company – Jeffrey Van Harte, Christopher Bonavico, Kenneth Broad, and Daniel Prislin – have all left for another unnamed investment management company. The company made it clear they were not leaving for a hedge fund.

With the exodus, the company has announced that Kirk Kim and Ed Han will now co-manage the Small/Mid Growth and multi-cap funds as of Friday. They will be joined by company president and chief investment officer Gary Rolle on the multi-cap management team.

As of the end of 2004, Transamerica has $22 billion in mutual funds, fund of funds, retirement plans and separately managed accounts.