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.
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.
Investors have been pulling money out of the large- and mid-growth categories, which may mean it's a good time to consider these quality funds.
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.
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.
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.
Federated to make changes to its equity fund lineup, and Eaton Vance Atlanta Capital SMID-Cap to close to new investors.
Plus, municipal finances draw congressional scrutiny, and more.
Vanguard and Neuberger launch funds in hot categories while California's 529 plan gets a new manager.