June 18, 2003 — ING Funds has replaced Louis Navellier as manager of the ING Growth Plus Value Fund/A (NSGVX) with a pair of its own portfolio managers.
Matthew Price and David Campbell, who run three other ING funds, took over Growth Plus Value on Monday. A spokesman for the fund company said it made the switch primarily to take advantage of in-house talent.
“The opportunity to tap into that expertise when it’s in-house is always preferred,” the spokesman, Dana Ripley, said.
Price and Campbell have more than 50 years of experience in money management between them and have worked with each other for ten years, Ripley said. The two men also run ING Growth Opportunities Fund/A (NGRAX), ING Mid Cap Opportunities Fund/A (NMCAX) and ING Small Cap Opportunities Fund/A (NSPAX).