MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 25, 2013 Stork and Reaper for the Week of January 22, 2013 BirthsOn January 17, Janus filed to launch the Janus Diversified Alternatives Fund, which seeks absolute return with low correlation to stocks and bonds. On January 22 Houston-based alternatives manager Salient Partners launched its Salient Risk Parity Fund, PMed by chief investment officer Lee Partridge and quantitative research director Roberto Croce. On January 23 Charles Schwab Investment Management launched three new target date funds for the years 2045, 2050 and 2055. --- PregnanciesOn January 23, Pimco [profile] guru Bill Gross revealed that the bond mutual fund giant has an actively managed currency ETF in the works. --- DeathsOn January 22, VantagePoint filed to liquidate and terminate the Vantagepoint Model Portfolio Savings Oriented Fund. The RiverPark Small Cap Growth Fund [profile] is liquidating on January 25, according to Morningstar. The $4.5 million fund was relatively young, launched in September 2010. --- Brain TransplantsThere has been a change in the management of the American Century New Opportunities [profile] fund and the American Century Small-Cap Growth fund. Stafford Smith has been replaced by Jeffrey Otto to co-manage the funds alongside Matthre Ferretti, according to Morningstar. Kristina Salen will no longer be PMing several telecommunications fund for Fidelity, as she is leaving the firm. According to Morningstar, Matthew Drukker will now manage the Fidelity Select Telecommunications Fund. The Fidelity Select Multimedia will be managed by Nidhi Gupta --- MarriagesPioneer [profile] is merging several funds, according to Morningstar. The Pioneer Fundamental Value fund will be folded into the Pioneer Disciplined Value fund. The Pioneer Growth Opportunities fund will be merged with the Pioneer Select Mid-Cap Growth. The Pioneer Independence fund will be folded into the Pioneer Disciplined Growth fund. Finally, the Pioneeer Research fund will merge into the the Pioneer Value fund, which will then have its name changed to the Pioneer Core Equity fund, according to Morningstar. Printed from: MFWire.com/story.asp?s=42773 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |