April 16, 2004 — Stock picker Arthur Bonnel will step down as manager of the mutual fund that bears his name at the end of May.
Bonnel, who has run US Global Accolade Fds:Bonnel Growth (ACBGX) since its inception nearly ten years ago, said he will be taking time off to attend to “family matters,” and to do research and travel. He said he plans to return to the fund, but could not “say exactly when.”
Bonnel said that he likely will serve as a consultant the the fund in the interim. He added that he does not plan to leave the money management business.