Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Also, Mario Gabelli makes a very large gift to his alma mater.
Plus, BlackRock stalks BGI and iShares, Fidelity offers access to IPOs, and Vanguard tweaks money market lineup.
Closures follow the shuttering of a number of other small-cap funds in recent weeks and coincide with more than two years of strong performance.
A roundup of investment news.
Mortgage derivatives are back. The question is whether they are better.