Administration July 3, 2007
Manager Exodus at Transamerica Investment Management Spurs Restructuring
March 31, 2005 (PLANSPONSOR.com) - Following a mass
exodus of managers at Transamerica Investment Management, the
subsidiary of Dutch insurer Aegon NV will restructure its
equity management team.
Reported by Kip McDaniel
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.