AllianceBernstein has lost a small and mid cap value director.

Andrew Weiner, senior vice president, director of Research of Small and Mid Cap Value Equities, as well as co-manager of the AllianceBernstein Discovery Value fund, passed away on June 21, at the age of 45, Morningstar reported.

Weiner had joined AB in 1997, first working as a research analyst covering consumer cyclicals and staples for small-cap equity portfolios.

Before that, he had been a project manager at the Monitor Company.

In addition to running the small and mid cap value team and co-managing the Discovery Value fund, Weiner also served as PM of a number of other products, including the NFJ Investment Group LLC, Pacific Select Fund - Small-Cap Value Portfolio, Penn Series Funds, Inc. - SMID Cap Value Fund, MML Series Investment Fund - MML Small/Mid Cap Value Fund; SunAmerica Series Trust - Small & Mid Cap Value Portfolio; Virtus Variable Insurance Trust - Virtus Small-Cap Value Series and Phoenix Edge Series Fund - Phoenix Mid-Cap Value Series.

Weiner earned B.S. degrees in both Finance and Computer Science from the University of Pennsylvania in 1990 and an M.B.A. from Harvard Business School in 1994.

The Discovery Value fund's other investment talent remains, including James MacGregor, chief investment officer of the Small and Mid-Cap Value Equities team, and three analysts. Nonetheless, Morningstar has put the fund under review. 

Edited by: Tommy Fernandez


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