Plus, news on Third Avenue, Federated, AMF, Barclays, Vanguard, Fidelity, and more.
Thanks to a recent regulatory filing, we finally have complete manager ownership information from ICAP, and the picture is positive.
Within the ICAP international team, winners of Morningstar's 2005 International-Stock Manager of the Year award, lead manager Rob Lyon held more than $1 million in ICAP International
We like to see managers hold significant levels of investment in the funds they run, and in funds across the fund family, since it signals high levels of confidence in their process and abilities.
Harvard Hires Dreyfus Manager
Harvard Management Company (HMC), which runs Harvard University's $26-billion endowment, has hired Marc Seidner of Standish Mellon Asset Management to head its domestic fixed-income division. This move is part of an HMC's effort to reconstitute the fixed-income division, which lost many key players when they left to work for former HMC president Jack Meyer at Convexity Capital, his newly formed hedge fund.
Seidner has worked for Standish Mellon's fixed-income segment since January 1995, most recently as its director of active core strategies. In this capacity, he led a team of eight portfolio managers and 51 analysts and traders. He was also manager of a number of offerings issued under the Dreyfus name, such as Dreyfus Premier Core Bond
Third Avenue's Whitman Banks on GM Debt
One of our favorite value managers, Third Avenue Value's