Andrew Engel, a portfolio manager at Minneapolis-based Leuthold Weeden Capital Management, passed away on May 9, according to the firm. He was 52 years old and is survived by by his wife, Katherine Engel, their daughter and three sons.
Engel previously managed Leuthold Core Investment (LCORX) and Leuthold Asset Allocation (LAALX).
“Andy’s passing is a tremendous loss to his family, friends, and colleagues. His creativity, generosity, wit, and welcoming personality will be profoundly missed,” according to a shareholder memo.
Engel’s death follows another momentous personnel move for the firm in the form of Steve Leuthold, who transitioned into a new reduced role last October after passing along his duties as chief investment officer to Doug Ramsey. Leuthold will continue to serve on both the mutual fund and the Leuthold Weeden boards and will maintain his ownership stake in Leuthold Weeden.