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.
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.
A PIMCO Ginnie Mae manager departs, Fidelity to merge away two funds, and more Vanguard fund expense ratios come down.
Morningstar 2012 International-Stock Fund Manager of the Year Rajiv Jain expects continued earnings growth for the less popular growth stories of tobacco and Indian consumer stocks.
Vanguard cuts fees on 30 mutual funds, Michael Mauboussin leaves Legg Mason, and Franklin Income takes on comanagers.
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.
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.
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.
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.
Pell's new role will be to focus on investment management and reviving the firm's flagship international equity funds.