Richard Dahlberg, former head of the core value group at Pioneer Investment Management, will join Grantham Mayo Van Otterloo Dec. 3 as a senior portfolio manager. He will join Ed Choi, a partner, and the U.S. active team at GMO, partially replacing Dick Mayo, a founder and partner who is leaving to form a hedge fund company.
Mr. Dahlberg was the portfolio manager of the $3.9 billion Pioneer Large Cap Value Fund. Management of that fund will be assumed by the value team, with Andrew Acheson as lead manager, said Tara Pescatore, spokeswoman.
