Also, a PIMCO alumnus steps aboard a Hotchkis & Wiley fund, and Federated Kaufmann adds comanagers.
Three former Artio managers start their own firm and fund but keep their track record, The Hartford to liquidate its target-date series, and AMG takes a majority investment in yet another boutique manager.
Also, Bill Miller draws up plans for a go-anywhere income fund, Ken Feinberg is leaving Davis Funds at the end of the year, Perritt Capital plans a new fund, and a goodbye to Abe Briloff.
Gold-rated Vanguard Capital Opportunity is closing to new investors, apart from those enrolled in Vanguard Flagship Services or Vanguard Asset Management Services. Separately, MFS and Vanguard roll out low-vol funds, and American Century Appoints 2 Co-CIOs.
Bill Gross adds management duties on PIMCO Unconstrained Bond while its longtime manager is on a sabbatical, Arif Husain taking over T. Rowe Price International Bond, and more.
Plus, USAA jettisons GMO on USAA Income Stock, and a new comanager on Gold-rated Jensen Quality Growth.
In early 2014, Krug will begin building a team that will focus on a credit opportunities strategy. Krug will head Artisan's first new investment team since 2006 and its sixth autonomous team. Meanwhile, Krug will be succeeded on Ivy High Income by William Nelson.
Graham French, who had managed Vanguard Precious Metals and Mining since 1996, steps back from day-to-day fund management responsibilities at the fund's subadvisor. Also, one fewer manager on PIMCO Global Multi-Asset and new managers on a DWS EAFE index fund.
The return of David Iben, plus new short-duration bond funds from Fidelity, Edward Jones' first-ever mutual fund, a new global industrials fund from T. Rowe Price, and more.
T. Rowe Price to close New Horizons to most new investors, Vanguard's fixed-income group head to retire in March, Columbia Wanger's Chuck McQuaid to step down as CIO and Columbia Acorn comanager, and some tragic news at First Eagle.
An updated expense ratio for Silver-rated FMI Focus Fund, a new emerging-markets value offering from American Century, PIMCO hires a new equity boss from Schroders, and more.
As part of the transition, the Silver-rated fund's expense ratio is estimated to drop by more than 10%. Also, a new manager for Fidelity Pacific Basin, GMO announces plans to begin tapping the firm's asset-allocation forecasts in its strategies, and new names for 5 Aquila funds.
Laudus' large-cap growth fund rehires its former manager Lawrence Kemp, Artisan Value team founder and portfolio manager Scott Satterwhite gives his three years' notice, David Herro closes Oakmark International to new investors, and more.
Likely available before the end of 2013, Vanguard's new fund will be actively managed. Also, Fidelity makes big changes to its Freedom Funds target-date investments, an additional manager signs on at the $8 billion Russell Strategic Bond Fund, a host of fixed-income manager changes at J.P. Morgan, and more.
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.
Dick Dahlberg set to retire from Columbia Dividend Income, Aston/Fairpointe Mid Cap to undergo a "soft close," and Lord Abbett Small Cap Value announces that it will reopen with new managers.
Calamos reopens its Bronze-rated convertible fund, while ClearBridge announces plans to close to new investors its Silver-rated small-cap growth fund. And a small UBS international-stock fund is set to get a dramatic makeover.