Portfolio manager Ettinger to retire from preferred fund manager Flaherty & Crumrine

By Stephanie N. Rotondo

Phoenix, June 4 – Robert M. Ettinger, a portfolio manager with Flaherty & Crumrine Inc., is retiring from his position, the hedge fund said in an 8-K filed with the Securities and Exchange Commission on Thursday.

The retirement will be effective June 30.

During his tenure with the company, Ettinger acted as portfolio manager for Flaherty & Crumrine Preferred Income Opportunity Fund, Flaherty & Crumrine Preferred Securities Income Fund, Flaherty & Crumrine Total Return Fund, Flaherty & Crumrine Dynamic Preferred and Income Fund and Flaherty & Crumrine Preferred Income Fund.

Ettinger has been with the Pasadena, Calif.-based fund since 1985.

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