As 2016 comes to a close, it's time for MFWire to look back on the news of the year and highlight the stories that you, the readers, favored above the rest. Here are the 16 most-read industry stories of 2016.

Michael Niedermeyer Wells Fargo Asset Management Former CEO

16) Reynolds' $65MM Putnam Shake Up

11/15 - The mutual fund shop's chief unveiled expense cuts and promoted a new COO and a trio of CIOs.

15) Ivy's Avery Heads Out

2/2 - The Waddell & Reed arm's president retired on June 30.

14) DoubleLine and AB Crush It

3/18 - Proportionately, DoubleLine and AB brought in more net inflows in February than any other top 50 fund firms, per M*'s estimates.

13) A Japanese Giant Buys Into U.S. Mutual Fund Services

7/28 - An arm of Mitsubishi UFJ Financial Group acquired Rydex Fund Services from Guggenheim Investments. The price tag on the deal was reportedly $190 million, 0.37 percent of Rydex Fund Services' $52 billion in assets under administration.

12) Which Fund Firm Won 2015?

1/19 - Per M*'s estimates, in 2015 Vanguard brought in $230.396 billion in net flows in open-end mutual funds and ETFs, more than double what any other fund firm netted.

11) For $145MM, a U.S. Growth Equity Shop Sells North of the Border

3/1 - Publicly-traded Canadian asset manager Fiera Capital Corporation agreed to buy Dayton, Ohio-based Apex Capital Management, a U.S. growth equity specialist, for $145 million.

10) A Chitown Asset Manager's Parent Freezes Hiring and Comp

2/9 - Northern Trust CEO Rick Waddell sent a memo freezing salaries across the board for U.S. and European employees and freezing hiring "for both new and replacement posts."

9) Amboian and Schreier Pass the Reins

1/28 - Bill Adams and Margo Cook took over as co-presidents of Nuveen.

8) A Partner Leaves Wellington After 15 Years

2/17 - On June 30 senior managing director and equity PM Frank Boggan withdrew from the partnership.

7) The Top Big Equity Fund of 2015 Is ...

1/4 - Per Bloomberg data, the Fidelity Select Retailing Portfolio, PMed by Deena Friedman, was the top of the $1-billion-plus U.S. equity mutual fund pack in 2015.

6) Is This Six-Year-Old Fund Firm Worth $4.5B?

2/19 - Analysts' new estimates of the value of Oaktree Capital's 20-percent stake in DoubleLine Capital suggest that the latter firm is worth $4.465 billion.

5) 101 Fund Families Win in Gotham

3/23 - Thrivent and TIAA were the biggest winners at Lipper's 2016 fund awards show in New York City.

4) 3 Big Fund Firms Rocked January: 37 Suffered

2/16 - Per M* estimates, Vanguard, DoubleLine, and DFA were the only fund firms that brought in more than $1 billion in net open-end mutual fund and ETF inflows in January.

3) After Two Decades With Wellington, a Partner Departs

1/14 - Senior vice president and PM Jamie Rome withdrew from the partnership on June 30.

2) Steinmetz Shakes Up OpFunds' C-Suite

2/18 - The OppenheimerFunds CEO picked new marketing and corporate strategy chiefs and a new general counsel.

1) This Giant Bank's Asset Management Chief Is Retiring

1/8 - Wells Fargo Asset Management CEO Mike Niedermeyer retired in March after more than 28 years with the company. 

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