Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Stork and Reaper for August 3, 2012 Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 03, 2012

Stork and Reaper for August 3, 2012

Reported by JY

Ever consistent, the Stork came through today as two companies filed for funds.

Prudential Investments [profile] filed for its Short Duration High Yield Income Fund which looks to provide a high level of current income. The fund will commence operations in October 2012 and be managed by Paul Appleby. [SEC Filing]

State Street [ profile] filed for three funds: Ultra Short Term Bond ETF, Conservative Ultra Short Term Bond, and Aggressive Ultra Short Term Bond ETF. The funds are part of a "master-feeder" structure, where each fund invests in a separate mutual fund similar to the fund. The funds will be managed by Tom Connelley and Maria Pino. [SEC Filing]

The Reaper claimed a fund today.

Johnson Investment Counsel plans to liquidate its Disciplined Small-Cap Fund. Reasons stem from the fund's small asset size and high operating costs. As of August 1, 2012, the fund has $6.1 million in AUM, according to Morningstar The fund will terminate on October 3, 2012. [SEC Filing]

Additionally, other funds are being reorganized.

AllianceBernstein [profile] has also approved proposals to change the name of its Small/Mid Cap Growth Fund to Discovery Growth Fund. It will also rename its Small/Mid Cap Value Fund to Discovery Value Fund. [SEC Filing]

Virtus Investment Partners [profile] added Francesco Ossino to the portfolio management team for its Senior Floating Rate Fund. [SEC Filing]

Finally, Maxim Funds has added Charlie Ko as PM to its Invesco Small-Cap Value Portfolio. Maxim Funds offers 63 investment portfolios, which operates as a separate mutual fund with its own investment objectives and strategies. [SEC Filing]  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use