ING Investment Management Americas terminated Navellier Fund Management as subadviser of the ING Growth & Value Fund and named internal portfolio managers David Campbell and Matthew Price to manage the fund. Messrs. Campbell and Price also replaced Mary Lisanti and Jeffrey Bernstein as co-managers of the ING Growth Opportunities, MidCap Opportunities and SmallCap Opportunities funds. Ms. Lisanti and Mr. Bernstein "are pursuing opportunities outside the company, said Dana Ripley, director of external communications for ING US Financial Services. Neither could be reached for comment.
James A. Vail, an ING portfolio manager, joined Richard Saler and Philip Schwartz as co-managers of the ING Worldwide Growth Fund. Mr. Vail assumes Ms. Lisantis responsibilities on the fund for equity stock selection.