Arrowpoint, run by ex-Janus managers Chad Meade and Brian Schaub, will begin managing a 4% sleeve of Vanguard Explorer.
The firm's longtime equities head, Sharon Fay, will give up her role as CIO for global value and exit as a manager of two funds.
Although Rob Lovelace now has stepped down as a comanager on the $124 billion, Gold-rated fund, EuroPacific remains in good hands.
Rogers will hand off the fund in 2015 after a long transition period.
FPA has two other managers on the fund and as such has no plans to replace Geist at this time.
TIAA-CREF has announced that it has no plans at this time to tinker with Nuveen's operations.
He was the first-ever recipient of Morningstar's Fund Manager of the Year award.
Toloui has been the global co-head of PIMCO's Emerging Markets Portfolio Management since 2011 and the chair of the firm's Asia-Pacific Portfolio Committee since 2012.
The move was part of a broader effort by ING to bring in house some fixed-income funds that have been subadvised by PIMCO.
In a departure, Fidelity announces manager changes with more than nine months' advance notice.
He will remain with the firm for the next several years as chief international strategist at Scout.
In addition to building American Century, Stowers also was a noted philanthropist in the area of health-care research.
With Wadhwaney retiring, comanager Matthew Fine will assume responsibilities as Third Avenue International Value's sole lead manager.
The company veteran replaces Charlie Morrison, who now oversees asset management at the firm.
Vanguard deep-sixes the subadvisor, which had managed about 4% of Vanguard Windsor II's assets, and increases subadvisor Hotchkis & Wiley's sleeve of the fund.
Manager Bruce Berkowitz's new positions in the two government-sponsored enterprises' common shares signal a greater level of conviction in the future of Fannie and Freddie.
Although more than half of Fidelity's assets are in equities, the new asset management chief, Charles Morrison, comes from the fixed-income side of the business, which has been very strong and stable.
A robust team will divide up his responsibilities.
Ron O'Hanley, who had been Fidelity's asset-management chief since 2010, likely will take a break after leaving.
He will leave PIMCO in mid-March but will stay on to advise PIMCO's parent company, Allianz.
As the target-date series' process evolves, so does its team.
Rob Bartolo plans to relocate to the West Coast. Also, T. Rowe Price taps a manager to be director of research for U.S. equities.
BlackRock disputes the allegations and is defending the manager.
Also, a PIMCO alumnus steps aboard a Hotchkis & Wiley fund, and Federated Kaufmann adds comanagers.
Three former Artio managers start their own firm and fund but keep their track record, The Hartford to liquidate its target-date series, and AMG takes a majority investment in yet another boutique manager.
Also, Bill Miller draws up plans for a go-anywhere income fund, Ken Feinberg is leaving Davis Funds at the end of the year, Perritt Capital plans a new fund, and a goodbye to Abe Briloff.
Gold-rated Vanguard Capital Opportunity is closing to new investors, apart from those enrolled in Vanguard Flagship Services or Vanguard Asset Management Services. Separately, MFS and Vanguard roll out low-vol funds, and American Century Appoints 2 Co-CIOs.
Although a 2012 soft close curbed inflows meaningfully, Sequoia's parent has decided to take a step further, allowing only existing shareholders to buy additional shares or open new accounts directly.
Bill Gross adds management duties on PIMCO Unconstrained Bond while its longtime manager is on a sabbatical, Arif Husain taking over T. Rowe Price International Bond, and more.
Plus, USAA jettisons GMO on USAA Income Stock, and a new comanager on Gold-rated Jensen Quality Growth.
In early 2014, Krug will begin building a team that will focus on a credit opportunities strategy. Krug will head Artisan's first new investment team since 2006 and its sixth autonomous team. Meanwhile, Krug will be succeeded on Ivy High Income by William Nelson.
Graham French, who had managed Vanguard Precious Metals and Mining since 1996, steps back from day-to-day fund management responsibilities at the fund's subadvisor. Also, one fewer manager on PIMCO Global Multi-Asset and new managers on a DWS EAFE index fund.
The return of David Iben, plus new short-duration bond funds from Fidelity, Edward Jones' first-ever mutual fund, a new global industrials fund from T. Rowe Price, and more.
T. Rowe Price to close New Horizons to most new investors, Vanguard's fixed-income group head to retire in March, Columbia Wanger's Chuck McQuaid to step down as CIO and Columbia Acorn comanager, and some tragic news at First Eagle.
An updated expense ratio for Silver-rated FMI Focus Fund, a new emerging-markets value offering from American Century, PIMCO hires a new equity boss from Schroders, and more.
As part of the transition, the Silver-rated fund's expense ratio is estimated to drop by more than 10%. Also, a new manager for Fidelity Pacific Basin, GMO announces plans to begin tapping the firm's asset-allocation forecasts in its strategies, and new names for 5 Aquila funds.
The Gold-rated Matthews fund will undergo a change to protect the integrity of its investment process. Also, Goldman Sachs Asset Management's Rob Cignarella exits, Dreyfus rolls out a floating-rate fund, RiverPark launches a "strategic income" fund, Nomura to exit the U.S. fund business, and Santander and Bradesco ready U.S. fund launches.
The moves are aimed at simplifying investing and lowering costs. These changes offer a win-win scenario for Vanguard investors.
Laudus' large-cap growth fund rehires its former manager Lawrence Kemp, Artisan Value team founder and portfolio manager Scott Satterwhite gives his three years' notice, David Herro closes Oakmark International to new investors, and more.
In a pre-emptive move, the Gold-rated foreign-large blend behemoth closes.
Likely available before the end of 2013, Vanguard's new fund will be actively managed. Also, Fidelity makes big changes to its Freedom Funds target-date investments, an additional manager signs on at the $8 billion Russell Strategic Bond Fund, a host of fixed-income manager changes at J.P. Morgan, and more.
T. Rowe Price seeks permission to create actively managed ETFs that are not transparent, a corporate-bond manager leaves PIMCO, and new managers are named to Oppenheimer Moderate and Ivy Global Natural Resources.
Dick Dahlberg set to retire from Columbia Dividend Income, Aston/Fairpointe Mid Cap to undergo a "soft close," and Lord Abbett Small Cap Value announces that it will reopen with new managers.
Calamos reopens its Bronze-rated convertible fund, while ClearBridge announces plans to close to new investors its Silver-rated small-cap growth fund. And a small UBS international-stock fund is set to get a dramatic makeover.
The manager of Leuthold Asset Allocation, which has been reeling from outflows, has left the firm, prompting the merger. Also, AllianceBernstein changes named managers in its target-date series and target-risk suite, ING swaps out managers on its asset-allocation team supporting multiasset funds, and American Funds is set to launch an emerging-markets fund.
Morgan Stanley to close a Silver-rated global stock fund to new investors and T. Rowe Price bans some 1,300 employees of American Airlines from trading T. Rowe funds in the airline's employee-sponsored retirement plan.
AllianceBernstein to buy W.P. Stewart, FPA Paramount alters its focus, Fidelity to roll out a short-duration high-yield fund, PIMCO plans for a managed-futures fund, and a sad farewell to retired T. Rowe Price manager and 1995 Fund Manager of the Year Jack Laporte.
A departing T. Rowe Price manager has a change of heart, Edward Jones unveils plans for a bond fund that would be its first-ever proprietary product, and a new comanager for FPA Perennial.
MFS Global Total Return adds 2 comanagers, Wasatch lures a large-cap value manager from ING, Calamos launches a dividend fund and a mid-growth fund, and American Century announces 2 promotions.
Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Also, Mario Gabelli makes a very large gift to his alma mater.