Portfolio Management

Fund manager head shot

Hitesh C. Patel, Ph.D.

Managing Director, Structured Equity

    • Industry Experience: 23 years
    • Managed Fund Since: 2005
    • B.S., University of Gujarat
    • M.S., Bombay University
    • Ph.D., University of Illinois, Chicago

Hitesh, a managing director, leads the Structured Equity team. Prior to joining the firm in 2005, he served as director of quantitative research at Harris Investment Management. His quantitative research and portfolio management experience extends back to 1994. Hitesh earned a Bachelor of Science degree in pharmacy from University of Gujarat, a Master of Science degree in pharmaceutical chemistry from Bombay University, and a Ph.D. in medicinal chemistry from University of Illinois at Chicago.

Fund manager head shot

Chen Chen, Ph.D.

Portfolio Manager

    • Industry Experience: 12 years
    • Managed Fund Since: 2009
    • B.S., Nanjing University
    • M.S., Fudan University
    • Ph.D., University of Illinois, Chicago

Chen is a portfolio manager and senior quantitative analyst on the Structured Equity team in Chicago. Prior to joining the firm in 2005, Chen was a research assistant with the Department of Information and Decision Sciences of the University of Illinois at Chicago. At Chicago, her work included microstructure market model estimation utilizing Sequential Monte Carlo method and index portfolio construction with statistically smoothed capitalization weights. Chen earned a Bachelor of Science degree in mathematics from Nanjing University, a Master of Science degree in econometrics from Fudan University, and a Ph.D. in business statistics from the University of Illinois in Chicago.

On November 29, 2017, the Board of Trustees of PNC Funds approved a plan of liquidation for the Fund. The liquidation of the Fund is expected to take place on or about December 27, 2017 (the “Liquidation Date”). Effective December 15, 2017, PNC S&P500 Index Fund is closed to new investors.


Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. Select a Fund to view the most recent month-end performance information or go to each fund's snapshot page to view most recent month-end performance as well as any waiver or expense reimbursement information.

The information contained in this piece should not be considered legal or tax advice; questions regarding your specific situation should be directed to your legal or tax advisor.


You should consider the investment objectives, risks, charges, and expenses of the PNC Funds carefully before investing. A prospectus or summary prospectus with this and other information may be obtained at 800-622-FUND (3863) or pncfunds.com. Please read it carefully before investing.

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