Plus, news on MFS, ING, Van Kampen, Third Avenue, Ariel, and more.
Janus Capital on Thursday announced the resignation of two long-tenured managers: Blaine Rollins and Claire Young, effective June 30. In February, David Corkins replaced Rollins as manager of the firm's flagship $11 billion Janus Fund
Young, manager of Janus Olympus
MFS Introduces New Income-Oriented Fund
MFS Investment Management recently announced the upcoming launch of the MFS Diversified Income Fund, which is designed to both provide income to investors and combat inflation's erosion of invested capital.
Chief investment strategist James Swanson, who will be assisted by a quantitative asset-allocation group within the firm, will manage the fund. The fund will shift between five distinct asset segments: high yield, government, and emerging markets bonds; real estate investment trusts; and domestic value stocks. The firm's intention here is to provide income through asset class sectors that have low performance correlations with one another, and in this way provide both income and capital appreciation.
Keeley Small Cap Value Announces 2-for-1 Share Split
Keeley Small Cap Value
Keeley also announced it is launching Keeley All Cap Value. Like Keeley's other charge, the All Cap fund will focus on the stock of companies he believes are undervalued and are undergoing corporate restructurings of some kind. According to the press release, this situation will include corporate spin-offs, distressed companies, and others undergoing similar changes.
ING International Gets New Management
Landesman, who joined ING from Federated Investors, where he served most recently as director of global equity research, has also previously worked at Arlington Capital Management and Sanford Bernstein and Co.