Joseph Sullivan has served as interim-CEO since Oct. 1, when Mark Fetting stepped down amid pressure from activist investor Nelson Peltz to improve the company's performance.
T. Rowe Price readies an ultra-short bond fund, and David Resnick finally arrives at Third Avenue.
Some fund managers will outsource to take advantage of opportunities elsewhere.
The consumer defensive category offers value and stability in a volatile market.
We see continued margin pressures, emerging-market opportunities, spin-off acquisition targets, plus some pockets of value in the sector.
Also, Bogle Small Cap Growth reopens, Peltz joins Legg Mason board, and more.