Close Close

Portfolio > Economy & Markets > Stocks

Merrill Fund Manager Ison Resigns

Your article was successfully shared with the contacts you provided.

Sept. 9, 2002 — Bryan Ison has resigned as co-manager of the $6.9 billion Merrill Lynch Global Allocation Fund (MALOX) for health reasons, the company said.

Dennis Stattman continues as the sole manager of the fund, which he had overseen with Ison since its inception in 1989. Neither Stattman nor a company spolesperson would comment on Ison’s departure.

The management change became effective last Thursday and was disclosed in a regulatory filing Friday.

The fund, which invests in international stocks and bonds, was off 11.1% this year through Friday. The fund returned 9.8% on average for the ten years ended in July, while its peer international balanced funds returned 6.7%.