Standing firm against falling returns and assets, Richard Pzena stockpiles beaten-up financials. His is a conviction few share.
Three mutual funds just the start for Pzena Investment Management .
The firm's stewardship profile has been on the rise.
Below-average returns don't shake Morningstar analysts' confidence in some funds, while recent outperformance doesn't grant higher ratings to others.
If the market stumbles, these funds are well positioned to go shopping.
Vanguard and Neuberger launch funds in hot categories while California's 529 plan gets a new manager.
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.
Family plans an actively managed alternative to Vanguard Emerging Markets Stock Index.
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.