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.
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.
Plus, BlackRock stalks BGI and iShares, Fidelity offers access to IPOs, and Vanguard tweaks money market lineup.
A roundup of investment news.
Mortgage derivatives are back. The question is whether they are better.