William H. Chenoweth, lead midcap growth equity portfolio manager at Nicholas-Applegate Capital Management, San Diego, will leave the firm Sept. 30. Sue Hunter, a spokeswoman, said Mr. Chenoweth will take a break from the investment business. Michael Barraclough will become lead portfolio manager for midcap growth equity; he has been a portfolio manager on the team for 10 years. Mr. Chenoweth is assisting with the transition.
Also at Nicholas-Applegate, Kenneth H. Lee, a midcap growth equity portfolio manager, left the firm June 30. Ms. Hunter said he will not be replaced. Mr. Lee could not be reached for comment.