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.
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.
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.
Mark Madden leaves TCW, Oppenheimer adds comanagers, and JPMorgan's Glen Gawronski takes a leave of absence.
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.
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Morningstar's Christine Benz and Karin Anderson discuss the recent performance trends for international mutual funds.
Former Morningstar Manager of the Year Charlie Dreifus of Royce Funds says he's increasingly stress-testing his investment theses.
Bart Geer takes over BlackRock Basic Value, Marsico Capital restructures its debt, and more.