Three Merrill Lynch portfolio managers working in the firms Los Angeles office have resigned, a company spokesperson said yesterday.
Sarah Ketterer, Harry Hartford and James Doyle manage the
The company declined to comment on why the managers may have resigned, but said they will remain with the firm for at least two more weeks.
Ketterer, Hartford and Doyle manage a total of $3.2 billion in assets, $1.4 of which is held in the
The management of the fund and those accounts may be handed over to a manager in the firms London office, according to the spokesperson.
Currently, Merrill Lynch executives are examining redundancies between the groups London, New York and Los Angeles offices and are considering strategic options which may or may not include a sale [of the former Hotchkis & Wiley firm], the spokesperson said.