Fund Closes

On August 9 the board of trustees of Dreyfus Tax Exempt Cash Management Funds approved the liquidation of Dreyfus California AMT-Free Municipal Cash Management.

On August 31 the Dreyfus General AMT-Free Municipal Money Market Fund will liquidate.

On October 20 the Hartford Schroders Income Builder Fund will liquidate. On September 8 the fund will no longer sell shares to investors.

On October 10 the Cavanal Hill Multi Cap Equity Income Fund will distribute cash to shareholders. Once the distribution is complete the fund will terminate.

On August 18 the Nationwide Portfolio Completion Fund will liquidate.

Fee Changes

Effective September 1 Causeway Capital Management agreed to a lower management fee for its Global Absolute Return Fund.

On August 10 the Board of the Legg Mason Equity Trust approved changes in management fees for the Entrustpermal Alternative Core Fund.

Effective August 11 Chartwell Short Duration High Yield Fund has lowered its management fee from 50 basis points to 40 bps.

Fund Changes

Effective August 2 the Hartford Life Insurance Company Separate Account Eleven is no longer offered for purchase in California or New York.

Effective November 1 the Hartford Value Opportunities Funds will change to Hartford Quality Value Fund. In addition the management fees will lower and the portfolio managers will change.

Effective August 28 Ultimus Fund Solutions is the principal underwriter of the

White Oak Select Growth Fund

Pin Oak Equity Fund

Rock Oak Core Growth Fund

River Oak Discovery Fund

Red Oak Technology Select Fund

Black Oak Emerging Technology Fund

Live Oak Health Sciences Fund

On August 20 the Alger SMid Cap Growth Portfolio will be renamed the Alger SMid Cap Focus Portfolio.

On October 13 Dana Large Cap Equity Fund will exchange Class A shares for Class N shares of the fund.

On August 10 the Transamerica Funds have learned that the SEC is investigating a possible error in the operation and/or implementation of a model utilized by Aegon USA Investment Management, who sub-advised a number of Transamerica mutual funds.

On August 10 the board of Transamerica approved the liquidation of the following funds: Transamerica Partners Balanced, Transamerica Partners Government Money Market, and Transamerica Partners Institutional Government Money Market. Shares of the funds will be distributed to shareholders. Transamerica Balanced will close September 15, Transamerica Government Money Market (Class R2) will close October 13, and Transamerica Government Money Market (Class R4) will close on October 13.

Sub-Advisory Changes

On August 2 the board of the Hartford Series Fund and Hartford HLS Series Fund II approved a new form of sub-advisory agreement between the investment manager and Wellington Management.

Effective August 29 Mellon Capital Management will become the sub-advisor for the WisdomTree Brazilian Real Strategy Fund.

People Moves

Effective August 10 Adam C. Liebhoff is no longer a portfolio manager for the MML Equity Fund and MassMutual Select Diversified Value Fund.

Scott R. Sullivan, vice president of Ivy Variable Insurance Portfolios, became portfolio managers of the Ivy VIP Small Cap Core portfolio this month.

Check our last Filings For Fundsters column (previously called Stork and Reaper) for more SEC filing updates. For the latest new hires and fund launches, explore our Follow The Fundsters, The Next Gig, and New Fund Fuss columns. If you have a fund filing, a mutual fund launch, a product change or a new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE