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Fund Times

Management Shakeup at Columbia Acorn Funds

We've put the Acorn funds under review.

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The Columbia Acorn funds are Under Review following organizational changes announced April 30, 2015.  Columbia Acorn (ACRNX) portfolio manager and domestic chief investment officer Rob Mohn will retire in 2015's fourth quarter.

Though experienced people remain, Mohn's unexpected departure further thins the leadership ranks at the firm that saw its prior president and CIO, Chuck McQuaid, step down from both roles and give up some other responsibilities at the firm in 2014. Several analysts also exited during 2013 and another experienced analyst departed in February 2015.

Gretchen Rupp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.