Mark Henneman and Ronald Kaliebe have been named lead managers of the Mairs & Power Growth Fund and Mairs & Power Balanced Fund respectively, effective July 1. William Frels, lead manager of both funds, moves to a co-manager role in preparation for his retirement in 18 months.

Frels, who joined Mairs & Power in 1992, has been lead manager of the Mairs & Power Balanced Fund since then. Kaliebe, who joined Mairs & Power in 1999 and Henneman, who joined in 2004, both assumed co-manager roles at their respective funds in 2006.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.