Plus, Ivy Asset Strategy outed as flash crash culprit, and more.
Plus, AllianceBernstein to buy W.P. Stewart, FPA Paramount alters its focus, Fidelity to roll out a short-duration high-yield fund, PIMCO plans for a managed-futures fund, and a sad farewell to retired T. Rowe Price manager and 1995 Fund Manager of the Year Jack Laporte.
The manager of Leuthold Asset Allocation, which has been reeling from outflows, has left the firm, prompting the merger. Also, AllianceBernstein changes named managers in its target-date series and target-risk suite, ING swaps out managers on its asset-allocation team supporting multiasset funds, ...
In a tough week for Marsico, the firm is removed as a subadvisor on two separate funds. Also, Calamos plans dividend and mid-growth funds, Oppenheimer to close Discovery to new investors, and John Hancock makes a raft of portfolio-management changes.
T. Rowe Price seeks permission to create actively managed ETFs that are not transparent, a corporate-bond manager leaves PIMCO, and new managers are named to Oppenheimer Moderate and Ivy Global Natural Resources.
Poor investment performance and rising interest rates have exposed weaknesses in several asset managers.
Who's running your 529 plan?
Plus, Vanguard changes target-date allocation, SEI axes AXA Rosenberg, and more.
The fixed-income guru has recently weighed in with stock recommendations. Should you take his advice? Chances are, you already have.
Fund managers say dividend-paying stocks became a "crowded trade" in 2011, but they still have long-term appeal.