to the list of fund firms that have made cuts. The Salt Lake City-based fund advisor let go two fund managers are part of staff cuts, reported Morningstar
. The moves come as the fund firm has lost half of its AUM over the past 18 months.
The cuts -- which included Laura Hoffman, comanager of Wasatch International Growth and Neal Dihora, comanager of the $144 million Wasatch Ultra Growth -- were announced October 24.
Morningstar predicts that the loss of the two portfolio pros will not disrupt the funds. The publication did not provide other details on the staff cuts.
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