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Rating:Pioneer's High-Yield Fund Changes Hands Not Rated 1.5 Email Routing List Email & Route  Print Print
Tuesday, April 03, 2007

Pioneer's High-Yield Fund Changes Hands

by: Erin Kello

Margaret Patel
Pioneer Investments
Ex-Pioneer Bond Manager
There are two new faces buying bonds for Pioneer Investments High-Yield fund. Executives at the Boston-based fund arm of Italy's UniCredito Italiano tapped Andrew Feltus -- who currently runs the Pioneer Global High Yield -- and Tracy Wright as co-managers of the fund. They replace Margie Patel, who gave her notice last week and was out the door by Friday.

Patel told the Boston Globe that she will be taking some time off and intends to eventually join another organization.

Meanwhile, Timothy Horan will take over Patel's other fund, Pioneer Equity Opportunity Fund. 

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