Michelle Fenton, lead portfolio manager of the $965 million AIM Technology Fund, left the firm Monday, according to spokesman Ivy McLemore. He declined to provide further details on Ms. Fentons departure. Lanny Sachnowitz, CIO of AIMs growth investment management unit, is replacing Ms. Fenton as interim portfolio manager of the fund. Mr. Sachnowitz was also temporarily added to the technology management arm of the $715 million AIM Multi-Sector Fund.
AIM Investment officials will search for a permanent replacement and have not decided whether to hire an executive search firm, said Mr. McLemore.