Management changes on a Gold-rated Matthews fund, Fidelity to close Fidelity Ultra-Short Bond to most new investors, and a flurry of management changes on Invesco's large-cap growth team.
A raft of manager changes at Fidelity, a comanager exits Invesco China, and Kansas' 529 plans drop their fees and offer some new, low-priced options.
The Fairholme Fund sues the federal government seeking dividends from its stakes in Fannie and Freddie, Munder Capital is on the block, a former Columbia manager succeeds Michael Kobs in the management of a set of Vanguard's municipal bond funds, and Columbia brings on board a former Putnam value equity manager.
New lead managers for 2 Mairs & Power funds, ORIX to buy 90% of Robeco, and Harbor removes Marsico Capital as the subadvisor of Harbor International Growth.
TIAA-CREF and Henderson to start a new global real estate investment management company, Invesco High Yield Municipal opens back up to investors, Utah's Gold-rated 529 program cuts costs and adds funds from DFA, and Calamos seeks to begin issuing actively managed ETFs.
Paul Davis departs Charles Schwab Investment Management, a manager change at Ariel, and a foreign currency manager at JP Morgan exits.
A Fidelity fund manager steps down after inconsistent performance, Aberdeen closes on its acquisition of Artio, and a Goldman Sachs Asset Management fund manager retires.
Vanguard launches international-bond fund, FPA Crescent picks up 2 new comanagers, and managers depart at GSAM, Buffalo, and BlackRock. Also, Matthews to close its Asia dividend fund, and Morgan Stanley set to launch a global quality stock fund.
Fairholme takes a big stake in Fannie and Freddie preferreds, a manager of a Bronze-rated Oppenheimer fund departs, Templeton Frontier Markets closes to new investors, a slew of manager changes at Bridgeway, and some high-profile Janus fund managers resurface at a hedge fund.
In a tough week for Marsico, the firm is removed as a subadvisor on two separate funds. Also, Calamos plans dividend and mid-growth funds, Oppenheimer to close Discovery to new investors, and John Hancock makes a raft of portfolio-management changes.
Also, Vanguard rolls out an emerging-markets bond fund, major portfolio manager departures at T. Rowe Price and FPA, Neuberger Berman to launch a China fund, and Invesco to rework its quant funds.
A promotion at Heartland Advisors, former Fidelity Magellan PM Jeffrey Vinik to shutter his hedge fund, and Southeastern readies another proxy fight.
A new manager for T. Rowe Price New Era, DWS fires a subadvisor, Matthews launches 2 Asia funds and makes manager changes on 2 other funds, Cohen & Steers founders pull back, and a Waddell & Reed bond manager to retire.
Bob Doll to take the helm of a Nuveen large-cap value fund, Gary Black to manage a new alts fund for Calamos, RiverPark drafts a new alts fund, and ALPS plans a tactical Asia-Pacific fund. Also, 3 new actively managed ETFs from PIMCO are ready for launch.
Harris Associates promotes three members of its research team to join longtime skipper Clyde McGregor on the Silver-rated fund.
Management changes at Fidelity funds, a new CIO at D.E. Shaw, TIAA-CREF rolls out a new international fund, a Gold-rated FMI fund to close, and more.
Plus, a new manager for Oppenheimer Global Allocation, another manager leaves the subadvisor for Laudus' U.S. large-cap growth fund, Oppenheimer Commodity Strategy Total Return undergoes a portfolio management change, and more.
Enrique Chang becomes a co-CIO at Janus, replacing Jonathan Coleman, who will focus on managing Janus Fund. American Century's new CIO search starts immediately.
Brown Brothers Harriman launches a concentrated large-blend fund investing in U.S. and foreign stocks; Vanguard reopens its Capital Opportunity fund to individual investors; Franklin Templeton rolls out an emerging-markets bond fund; USAA seeks permission to create actively managed ETFs; and manager changes at Perkins and Calvert.
Fund run by the topnotch Primecap team is still closed to institutions and intermediaries.
The conservative bank-loan fund manager plans to step away at the end of March. Also, DoubleLine recruits more professionals from TCW, Principal files for permission to market actively managed ETFs, T. Rowe Price nears launch of its world-allocation fund, Vanguard to merge away a Florida muni-bond fund, Vanguard Wellington reports lower fees, and a new small-cap fund from BlackRock.
Walsh's presence is sure to be missed, but he leaves behind a very capable team.
Recent developments mean good news for the firms' institutional clients.
Fidelity has more than doubled the number of commission-free iShares ETFs available through Fidelity's brokerage platform. Also, Joe Balestrino to leave Federated, a host of manager changes at Winslow Capital, Prudential cuts ties with Marsico, and fund closings at Touchstone and Prudential.
Manager changes at MFS and Pioneer, Lord Abbett to merge away its small-blend fund, and Alger hires three former members of Allianz's international equity team.
Harbor Capital Appreciation gets a new comanager, some Vanguard expense ratios fall, Oppenheimer changes a value manager, Vanguard rotates some bond fund managers, a Lord Abbett small-cap blend manager leaves, and more.
Rabobank finally settles on a buyer for most of Robeco, Fidelity to close Fidelity Small Cap Value, Matthews Asia to launch 2 new funds, and Victory Capital gains independence.
As part of Aberdeen's acquisition of Artio, some international fund managers to depart. Also, a management change on a T. Rowe Price health-care fund, Columbia hires Putnam's former asset-allocation head, and ClearBridge and Legg Mason Capital Management funds to merge.
Mark Madden leaves TCW, Oppenheimer adds comanagers, and JPMorgan's Glen Gawronski takes a leave of absence.
Firm hopes to launch long-awaited international-bond index fund in first half of 2013.
Manager behind the firm's absolute return funds leaves; four comanagers to take over.
A PIMCO Ginnie Mae manager departs, Fidelity to merge away two funds, and more Vanguard fund expense ratios come down.
Manager Bruce Berkowitz is looking for a smaller, core group of long-term shareholders who have a thorough understanding of his deep-value process.
Joyce is also set to leave GMO. Also, American Century's LIVESTRONG funds withstand Lance Armstrong controversy, Dreyfus' CEO departs, manager changes at Fidelity and American Century, and analyst reductions at UBS Global Asset Management.
DWS announced that it is dropping the name of subadvisor Dreman from three mutual funds, while Vanguard removed Hansberger from a team of subadvisors running Vanguard International Value.
Who's sticking around--and what does it mean for shareholders?
Virtus closes its emerging-markets opportunities fund to new investors, Franklin closes its remaining insured muni funds to new investors, and a high-ranking executive leaves Vanguard.
Vanguard cuts fees on 30 mutual funds, Michael Mauboussin leaves Legg Mason, and Franklin Income takes on comanagers.
Federated to make changes to its equity fund lineup, and Eaton Vance Atlanta Capital SMID-Cap to close to new investors.
Blackstone drafts an alternative open-end fund, and eight former Regions Morgan Keegan mutual fund directors are charged by the SEC for failing to comply with federal securities law.
PIMCO granted patent for GDP-weighted global bond indexing scheme, Compass EMP rolls out 13 mutual funds, and American Century announces the liquidation of an S&P 500 Index fund.
Dreman announces it will liquidate five of its six open-end funds, and Mark Venezia set to retire from Eaton Vance.
Fund firms begin announcing year-end capital gains distributions, manager Lawrence Kemp leaves UBS, and former Fairholme manager Charlie Fernandez resurfaces.
After previously withdrawing its IPO paperwork in December, Artisan readies another IPO. Also, Brandes announced its CEO will step down, TCW says goodbye to two PMs, American Century names a new COO, and Wells Fargo reopens some target-date funds.
Pell's new role will be to focus on investment management and reviving the firm's flagship international equity funds.
PIMCO rolls out a mortgage-related fund, ING renames its greater China fund and alters its strategy, and Goldman Sachs to shut down three emerging-markets single-country funds.
IShares pursues a new ETF strategy and branding initiative with a core series of funds for buy-and-hold investors, BBH Core Select nears capacity, and Vanguard rolls out a new TIPS product.
AMG bids for Harbor Capital parent Robeco, and a key fixed-income manager leaves American Century.
Putnam bond manager joins Standish, and Cohen & Steers adds a manager.
Index mutual fund and ETF giant dumps MSCI for FTSE and CRSP.