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Executive Moves

Delaware Names Nutt Head Of Renamed Diversity Fund

Delaware Investments has named D. Tysen Nutt, Jr. to lead the management team overseeing the Delaware Value Fund.

The fund, formerly the Delaware Diversity Fund and recently renamed, will be headed by Nutt, a senior vice president and senior portfolio manager. Robert A. Vogel, Jr., Anthony A. Lombardi and Jordan L. Irving, all of whom are vice presidents and senior portfolio managers, are the other members of the team. The foursome came to Delaware from Merrill Lynch Investment Managers earlier this year and now will be responsible for the day-to-day oversight and decision making of the fund.

Christopher S. Adams and Rob Ginsburg managed the fund under its previous incarnation as the Delaware Diversified Value Fund. With the name change, both managers have been pulled off the fund, but continue to manage several other Delaware funds. The fund invests primarily in value-oriented, large-cap firms that have long-term capital appreciation capability.

U.S. Bancorp Taps Paul as CCO, Manzoni as Counsel

U.S. Bancorp Asset Management has appointed Charles Manzoni as general counsel and Doug Paul as chief compliance officer. Manzoni previously worked for Gardner, Carton & Douglas, which until recently was the independent counsel for the mutual funds advised by U.S. Bancorp. The firm has also named Doug Paul, formerly a partner with Kirkpatrick & Lockhart, as its compliance chief.

"Both Charlie and Doug are eminently qualified to head our legal and compliance departments," said Tom Schreier, chief executive officer of U.S. Bancorp Asset Management. "Their expertise and capability uniquely position them to lead and enhance these strategically important functions."

Manzoni's 30-year professional track record of securities law experience includes 20 years with Gardner, Carton & Douglas and a term as executive vice president and general counsel at Zurich Kemper Investments. He began his legal career at the Securities and Exchange Commission and serves as an adjunct professor in the financial services law program sponsored by ITT Chicago-Kent College of Law.

Vega Names David Mullins As Firm's Chief Economist

Hedge fund group Vega Asset Management announced that David W. Mullins, Jr. will serve as the firm's chief economist, helping the firm to form economic views as well as representing Vega at the senior levels of the investment and regulatory community. In addition, Mullins will continue to serve in his primary position as managing director and chief economist of Azimuth Trust, manager of a hedge fund-of-funds. The firms said Mullins will commit the majority of his time to Azimuth, where he is also a full-time member of the firm's investment committee.

Prior to joining the company, Mullins was a founding principal at Long-Term Capital Management. He also served as vice chairman and governor of the board of the Federal Reserve System. In addition, he was the assistant secretary for domestic finance at the U.S. Department of the Treasury.