Wasatch Funds said that Michael W. Gerding, who managed two of its international funds, will leave the company at the end of December.
Gerding has been replaced on the Wasatch International Growth Fund (WAIGX) by Laura Hoffman, who had been an analyst with Wasatch.
Another former company analyst, Blake Walker, replaced Gerding on the team that manages the Wasatch International Opportunities Fund (WAIOX).
The International Growth Fund, which Gerding started running in June 2002, returned 24.2%, on average, for the three years ended in October. Its international small-cap equity fund peers gained 28.9% in that span.