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October 10, 2002 at 08:00 PM
Oct. 4, 2002 — Merrill Lynch Investment Managers named David Poiesz senior portfolio manager of the Merrill Lynch Global Technology Fund/A (MAGTX), succeeding Elise Baum.
Merrill said Baum will continue as senior portfolio manager of the Merrill Lynch Small-Cap Value Fund/A (MASPX) and the Merrill Lynch Mid-Cap Value Fund (MBRFX).
Baum had been overseeing the Global Technology fund since December 2001, taking over from Paul Meeks during the search for another manager, Merrill said.
Meeks left Merrill at the end of 2001 following a plan to merge the ailing Merrill Lynch Internet Strategies fund into the Global Technology fund approved in May 2001.
The Global Technology fund declined 42.7% for the 12-month period ended Aug. 30, 2002, while the average tech fund dropped 39.7%.
