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. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE