Matthew Hand of subadvisor Wellington Management will take over as lead manager of Hartford Equity Income in anticipation of longtime lead manager Michael Reckmeyer's retirement in June 2022, the firm announced today. The retirement of Reckmeyer, who started in the industry in 1984, isn’t a surprise, and he has been preparing Hand to take over for more than a year now. Hand joined Wellington in 2004 and has had analytical responsibilities on Reckmeyer’s dedicated team for various industries, including consumer, REITs, agriculture and chemicals, and transportation. Although he lacks a portfolio management track record of his own, he has been a comanager with Reckmeyer here since August 2019. This news does not alter the Morningstar Analyst Rating of Hartford Equity Income.
Will HQIVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HQIVX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HQIVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HQIVX’s parent organization’s priorities and whether they’re in line with investors’ interests.