Northern Enhanced Large Cap, Large Cap Value funds tweak management

By Toni Weeks

San Diego, March 5 - Northern Funds announced management changes for two of its funds and an increased expense reimbursement for one of those funds, according to a 497 filing with the Securities and Exchange Commission.

Joseph E. Wolfe is no longer a portfolio manager for the Enhanced Large Cap Fund. Alex Ryer and Mark C. Sodergren, existing portfolio managers, will continue managing the portfolio.

Stephen G. Atkins is no longer a portfolio manager of the Large Cap Value Fund. Existing portfolio managers Doublas McEldowney, Donna Renaud and Betsy Turner will continue to manage the portfolio.

Chicago-based Northern Trust Investments, Inc. now serves as the investment adviser to both funds. The adviser is an indirect subsidiary of Northern Trust Corp., the former investment adviser to the funds.

In addition, the expense reimbursement provided by the adviser to the Large Cap Value Fund was increased as of Jan. 1 by 0.25%, resulting in total annual fund operating expenses of 0.85%, down from the previous 1.1%.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.