Liberty All-Star® Equity Fund Announces New Portfolio Manager
Three mutual funds just the start for Pzena Investment Management .
The firm's stewardship profile has been on the rise.
If the market stumbles, these funds are well positioned to go shopping.
Standing firm against falling returns and assets, Richard Pzena stockpiles beaten-up financials. His is a conviction few share.
Although some Vanguard funds underperformed their peers during the market rally, the firm had more portfolios in the top quartile of their categories than in the bottom quartile.
Below-average returns don't shake Morningstar analysts' confidence in some funds, while recent outperformance doesn't grant higher ratings to others.
Dreman announces it will liquidate five of its six open-end funds, and Mark Venezia set to retire from Eaton Vance.
Oakmark reopens fund, Sentinel managers head to competitor, Lord Abbett makes manager changes and more.
IShares pursues a new ETF strategy and branding initiative with a core series of funds for buy-and-hold investors, BBH Core Select nears capacity, and Vanguard rolls out a new TIPS product.