Births
Janus [
profile] has
launched the
Janus Diversified Alternatives Fund.
WisdomTree [
profile]
has launched the
WisdomTree Global Corporate Bond ETF.
Exchange Traded Concepts has
launched the
Forensic Accounting ETF.
---
Pregnancies
IndexUniverse reports that
Precidian Investments [
profile] recently filed for permission to launch active, non-transparent ETFs.
Vanguard plans to launch the
Vanguard Total International Bond Index Fund and its
ETF Shares by the end of the second quarter.
LoCorr [
profile] plans
to launch a long/short fund.
Deutsche Bank plans
to launch the
db X-trackers Harvest CSI 300 Index ETF.
Deutsche Bank also plans
to launch the passively-managed
db-X Regulated Utilities Index Fund.
---
Marriages
On February 8
Drexel Hamilton Mutual Funds [
profile]
revealed that
last month the
Ameristock Fund [
profile] merged into the
Drexel Hamilton Centre American Equity Fund. Drexel
first filed for the planned merger in October. The Ameristock Fund was Alameda, California-based Ameristock's only '40 Act strategy.
---
Plastic Surgery
On February 7,
ProShares [
profile]
rebranded its ProShares Credit Suisse 130/30 ETF under a new moniker, the
ProShares Large Cap Core Plus ETF, and cut its expense ratio to 45 basis points, a 50-bps drop.
---
Brain Surgery
Morningstar reports that
Don San Jose stepped up as lead PM of the
five-star, $2.6-billion J.P. Morgan Small Cap Equity Fund [
profile]. San Jose, who has worked with the fund as an analyst and then a coPM since 2004, succeeds star PM
Glenn Gawronski, who on February 4 started a leave of absence of undisclosed length. Growth and small cap equities chief investment officer
Chris Jones joins San Jose as coPM of the fund.
Morningstar reports that
OppenheimerFunds [
profile] added its own
Heman Baijal as co-PM of the
four-star, neutral-rated, $12.9-billion Oppenheimer International Bond Fund, alongside lead PM Sara Zervos and co-PM Art Steinmetz. Baijal has managed the fund's developed-markets sleeve since joining OpFunds in 2011.
Morningstar reports that OpFunds replaced
Oppenheimer Global Strategic Income Fund co-PM
Joseph Welsh with bank-loan and high-yield team member
Jack Brown. The fund
boasts $9.2 billion in assets, as well as three stars and a neutral rating from M*. Welsh will continue to lead that same team and PM another OpFunds offering.
Morningstar reports that
Loomis Sayles [
profile] named company veteran
Brian Kennedy as co-PM on its
Loomis Sayles Investment Grade Bond Fund and its
four-star, $774.3-million Loomis Sayles Investment Grade Fixed Income Fund. Loomis also reportedly added its own
Todd Vandam to the U.S. high yield PM team alongside Elaine Stokes and Matt Eagan, without officially naming Vandam a PM.
American Century Investments has
hired Edward Boyle as vice president and co-PM of
Non-U.S. Fixed Income (International Bond) and
Global Fixed Income (Global Bond) strategies.
---
Wants to Be Alone
Fairholme Funds [
profile] and its series, the
Fairholme Fund, the
Fairholme Focused Income Fund, and the
Fairholme Allocation Fund, will
no longer accept new investors after February 28, 2013.
---
If you have a fund launch or product change that you want to announce, feel free to send it to us at editors@investmentwires.com. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE