Peter Bennett will manage $512 million in an institutional separate account, the $1.3 billion Capital Fund, a $1.4 billion variable annuity and life insurance portfolio, and the offshore fund Pegasus at State Street Research & Management. Mr. Bennett is executive vice president and CIO of equities.
Also, Pete Woodworth will manage the firm's $217 million Growth Fund. Mr. Woodworth, senior vice president and lead portfolio manager for the firm's equity group growth team, continues to run institutional portfolios and the Exchange Fund. Vice President J.C. Cabrera will take over the firm's $70.4 million Emerging Growth Fund; he will continue to run small-cap institutional assets.
The three were appointed to replace portfolio managers Fred Kobrick and Michael Carmen, who left to create a mutual fund company with the support of HFS Inc