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Announcement

Portfolio manager change for Wells Fargo Advantage Multi-Sector Income Fund

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Senior Portfolio Manager Ashok Bhatia, CFA, has been added to the Wells Fargo Advantage Multi-Sector Income Fund (NYSE MKT: ERC). 

Bhatia, one of 10 managers of the fund, replaces Senior Portfolio Manager Michael Bray, who is on medical leave from Wells Capital Management, Inc. (WellsCap), a subadvisor to the Wells Fargo Advantage Funds. 

Bhatia is part of a broader team at WellsCap that focuses on managing the fund’s mortgage/corporate sleeve.

Bhatia is co-lead of WellsCap’s Customized Fixed-Income team and senior portfolio manager. He is a 20-year veteran of the investment industry. Mr. Bhatia spent the past 10 years as a lead global macro portfolio manager with two large multistrategy hedge funds, most recently at Balyasny Asset Management LP and, prior to that, Stark Investments. Today, he joined WellsCap and is based in Menomonee Falls, Wisconsin.

In 2004, Bhatia left Strong Capital Management, where he was a portfolio manager on what is now the WellsCap Customized Fixed-Income Team. (Strong was acquired by Wells Fargo on 1 January, 2005, and the investment teams became part of WellsCap.) Bhatia had previously worked for Morgan Stanley and LaSalle Advisors, focusing on commercial and residential mortgage-backed securities trading. He earned a bachelor’s degree from the University of Michigan and a master’s degree in business administration from the University of Chicago. Bhatia has earned the right to use the Chartered Financial Analyst (CFA) designation.

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