Evergreen is making changes to its muni-bond group. On Tuesday the company appointed a head of the muni-bond group, Mathew Kiselak, who had served as the portfolio manager of several funds. A spokeswoman for the company told the MFWire that the position is newly created. Additionally the company promoted several analysts to co-fund managers.
Company Press Release
CHARLOTTE, N.C., Aug. 18 /PRNewswire/ -- Evergreen Investments today
announced several new appointments in its municipal bond group. Effective
immediately, portfolio manager Mathew Kiselak, who currently serves as lead
portfolio manager of several Evergreen municipal bond funds, will assume
responsibility as head of Evergreen's municipal bond group. In addition,
current municipal bond team members Dennis Derby, Ladson Hart, Charles
Jeanne and James Randazzo have been named co-managers on products across
the platform. All of Evergreen's municipal bond capabilities will continue
to be supported by Evergreen's proprietary credit research teams, which
includes 11 analysts, led by Ken Anderson and Jill Richman.
"Evergreen remains firmly committed to providing leading tax-advantaged
solutions for our clients," said Karen Watson, executive managing director
of Evergreen's Portfolio Solutions and Investment Strategy Group. "This
team- based approach draws upon the strengths of our own extremely capable
investment talent, creating depth of leadership and portfolio management
for our municipal bond mutual fund offering."
In this broadened role, Kiselak will serve as lead portfolio manager on
all internally managed municipal money market and municipal bond mutual
funds, providing strategic oversight of research, security selection and
trading for the funds. With more than 20 years of experience, Kiselak has
been with Evergreen or one of its predecessor firms since 2000.
Supporting Kiselak, Randazzo and Hart will serve as co-managers of
Evergreen Municipal Money Market Fund, Evergreen Institutional Municipal
Money Market Fund, Evergreen New Jersey Municipal Money Market Fund,
Evergreen New York Municipal Money Market Fund, Evergreen California
Municipal Money Market Fund, and Evergreen Pennsylvania Municipal Money
Market Fund. Randazzo also will serve as co-manager of Evergreen
Short-Intermediate Municipal Bond Fund.
Also supporting Kiselak, Dennis Derby will serve as co-manager of
Evergreen High Income Municipal Bond Fund and Charles Jeanne will serve as
co- manager of Evergreen California Municipal Bond Fund and Evergreen North
Carolina Municipal Bond Fund, while continuing to serve as a portfolio
manager of Evergreen Pennsylvania Municipal Bond Fund.
With almost ten years with the firm, portfolio manager Hart currently
has responsibility for the daily management of municipal money market fund
assets. Portfolio manager Randazzo, who has been with Evergreen for eight
years, currently has responsibility for management of several municipal
money market funds. Derby, analyst with the municipal bond group, currently
has responsibility for research and analysis on high yield municipal bonds
and for monitoring the credit quality of bonds held in several municipal
bond funds. He joined Evergreen in 1995. Jeanne is currently a senior
portfolio manager with the municipal bond group with responsibility for
tax-exempt portfolio management for several state-specific funds. Jeanne
has been with Evergreen or one of its predecessor firms since 1989.
"These appointments support Evergreen's ongoing effort to broaden the
depth of management for key investment capabilities and facilitate a team-
based approach to support our goal of delivering consistent, long-term
investment results and best-in-class asset management," said Watson.
About Evergreen Investments
Evergreen Investments is the brand name under which Wachovia
Corporation (NYSE: WB) conducts its investment management business.
Wachovia Global Asset Management is the brand name under which Evergreen
Investments conducts sales and distribution business outside the United
States. Evergreen serves more than four million individual and
institutional investors through a broad range of investment products. Led
by 300 investment professionals, Evergreen Investments strives to meet
client investment objectives through disciplined, team-based asset
management. Evergreen Investments manages more than $245 billion in assets
(as of June 30, 2008). Please visit EvergreenInvestments.com for more
information about Evergreen Investments.
AN INVESTOR SHOULD CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS,
CHARGES AND EXPENSES CAREFULLY BEFORE INVESTING OR SENDING MONEY. THIS AND
OTHER IMPORTANT INFORMATION ABOUT THE INVESTMENT COMPANY CAN BE FOUND IN
THE FUND'S PROSPECTUS. TO OBTAIN A PROSPECTUS, PLEASE CONTACT YOUR
FINANCIAL ADVISOR, CALL EVERGREEN'S INVESTMENT SERVICES CENTER AT
800.343.2898 OR VISIT EVERGREENINVESTMENTS.COM. PLEASE READ THE PROSPECTUS
CAREFULLY BEFORE INVESTING.
Evergreen InvestmentsSM is a service mark of Evergreen Investment
Management Company, LLC. Copyright 2008. Evergreen Investment Management
Company, LLC.
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