Maxim Ariel MidCap Value adds Fidler, Sauer as portfolio managers

By Toni Weeks

San Diego, Dec. 22 - The Maxim Ariel MidCap Value Portfolio has added Timothy Fidler and Matthew F. Sauer as portfolio managers, according to a 497 filing with the Securities and Exchange Commission.

They join John W. Rogers, who has managed the portfolio since 1999.

Fidler is responsible for research in the retail and business services industries at Ariel Investments, LLC, the fund's subadviser. Prior to joining Ariel in 1999, he worked at Morgan Stanley in the asset management area as a research analyst and portfolio manager.

Sauer oversees Ariel's research in the consumer products and insurance industries. Prior to joining the firm in 2006, he spent 13 years with Oak Value Capital Management in a variety of roles, culminating with his position as executive vice president, senior portfolio manager and director of research.

The fund's investment adviser is Greenwood Village, Colo.-based Maxim Capital Management, LLC.

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