Deals & People April 6, 2011

Sentinel Adds Co-Manager to Growth Funds

Sentinel Investments hired Kelli K. Hill as co-manager to the Sentinel Capital Growth, Sentinel Growth Leaders, and Sentinel Sustainable Growth Opportunities Funds effective April 1, 2011.
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She will be joining Elizabeth R. Bramwell, CFA, senior vice president and lead portfolio manager. Bramwell has led the funds’ investment team since March 2006 and has managed the predecessor funds of Capital Growth and Growth Leaders since their inception in 1994 and 1999, respectively.  

Hill joins Sentinel from Ashfield Capital Partners in San Francisco where she served as lead portfolio manager for the All-Cap portfolio, and was a member of the investment team for the Large Cap Growth portfolio. Before her time at Ashfield, she was an institutional portfolio manager and member of the International Core and Large Cap Core Growth portfolio teams at Putnam Investments in Boston. Earlier, Hill held portfolio management positions at Wells Capital Management and Wells Fargo Bank.  

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Hill graduated from University of Southern California, Los Angeles with a Bachelor of Arts in International Relations.
Compliance April 6, 2011

DoL Seeks Comments on Electronic Disclosure

The U.S. Department of Labor is soliciting public comments that address the possibility of expanding or modifying current rules about electronic distribution of employee benefit plan information.
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“Some workers and retirees may not be sufficiently computer literate to receive information electronically or have reasonable access to the Internet, and others may simply prefer traditional paper disclosure,” said Assistant Secretary of Labor for EBSA Phyllis C. Borzi.  “But in some instances, electronic disclosure may be just as effective as paper-based communications and could save employers and service providers money. “  

The request for information sets forth 30 specific questions on a broad range of topics related to electronic distribution of benefit plan information.  The department said it hopes to hear from plan participants and beneficiaries; employers and other plan sponsors; plan administrators; plan service providers; health insurance issuers; members of the financial community; and the general public.    

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In addition to responding to specific questions contained in the request for information, interested parties are encouraged to address any other relevant matters.    

The request for information will be published in the Federal Register on April 7 and can be viewed at http://s.dol.gov/E2.  Comments are due by June 6.

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