MFs scout for fund managers

Even as the Sensex has crossed 28,000 points and debt funds are doing quite well due to falling yields, many fund houses are running short of fund managers. These include Axis Mutual Fund, whose chief investment officer of equities — Pankaj Murarka — quit last week, and other fund houses such as IDFC Mutual Fund, DSP BlackRock and Tata Mutual Fund, which are aggressively looking for replacements or additions to their equity and debt segments.