Fundsters at American Century, OppenheimerFunds and RiverSource may all want to take a look at Thursday's Fund Spy column. Morningstar's Andrew Gogerty chastises (and Sam Mamudi picks up on the column in the Wall Street Journal's Friday Fund Track) all three fund firms for various stewardship bungles. Gogerty calls out Am Century for replacing JPMorgan Asset Management as sub-advisor to the American Century International Bond fund without really saying why (see MFWire, 1/13/2009. OppFunds draws flak for painful performance in Champion Income and Core Bond, and RiverSource lands a rebuke thanks to a one-time 16 basis-point fee charged to Seligman fund shareholders to cover switching to the Ameriprise unit's transfer agent. 

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