Plus, 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.
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.
Plus, Wasatch to launch India fund, and more.
Plus, municipal finances draw congressional scrutiny, and more.
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.
Some deep-value investors have significant stakes in these troubled firms.
Plus, American axes B shares, an iShares deal is reached, and more.
Plus, prospective "Magic Formula" investors face higher investment minimums.
If you use Ben Graham's definition of value investing, the answer is yes.
Where did Nygren go wrong?