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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 |
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Tuesday, October 17, 2017 Filings For Fundsters - October 17, 2017 PersonelBrookfield Investment Funds, sponsored by Quasar Distributors and advised by Brookfield Investment Management, welcomed a new chief compliance officer last week. Adam Sachs replaced Seth Gelman, who recently resigned, on October 11. Sachs is also a CCO of Brookfield Investment Management Canada. The fund is a series of four publicly traded funds and one fund that is not currently open for public trading. ***
Share ClassesAdvised by Brandes Investment Partners, the Brandes Core Plus Fixed Income Fund is opening Class R6 shares to purchase. The shares are available starting October 11. Prudential Funds is making major changes to share classes of 26 portfolios and funds, encompassing over 60 funds, in June of 2018. Classes A, C, R, and Z -- if currently available -- will be closed to new group retirement investors on June 1, 2018. Some exceptions will be allowed, including pre-approved plans that are in the process of negotiation prior to the closing date and new groups affiliated with existing plans. Affected Portfolios and Funds
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PMsOn October 22, Kevin Buckle, James Lisko, and Robert Sydow are leaving their positions as PMs for the PIA High Yield Fund, a MF offered through Pacific Income Advisors. Lloyd McAdams is staying on in his current role as co-PM, and Michael Y. Yean will immediately fill the new vacancies also as co-PM. The retirement date of MFS Variable Insurance Trust and MFS Series Trust PM David Mannheim was finalized this week. Earlier filings gave a vague timespan of "a date between June 2017 and June 2018," but the official retirement date is now April 15, 2018. ***
LiquidationsVictory Funds is liquidating seven funds this December. Three will come from its CEMP investment franchise, three from Victory Capital, and one from Sophus Capital. Funds will liquidate on December 15, but it closed to new investors on October 11. Existing investors may continue to make additional investments until the close of business on December 8. CEMP
Sophus Capital ***
ReorganizationJPMorgan is merging two of its funds this month. On October 27, the JPMorgan Dynamic Growth Fund will be reorganized into the JPMorgan Large Cap Growth Fund, a series of JPMorgan Trust II. Share classes will stay consistent across the merger. CCA Aggressive Return Fund reorganized, becoming a series of the MSS Series Trust. Arbor Court Capital is the distributor, Checchi Capital Advisors is the investment advisor, Adam Checchi and Samuel Pfister will serve as PMs, and US Bank is the custodian. ***
RebrandingNuveen Large Cap Growth Opportunities reorganized into Nuveen Large Cap Growth Fund this week. Additionally, Nuveen Large Cap Core Plus Fund reorganized into Nuveen Large Cap Core Fund. ***
Check our previous Filings For Fundsters column (previously called Stork and Reaper) for more SEC filing updates. For the latest new hires, fund launches, and industry statistics, explore our Follow The Fundsters, New Fund Fuss, and AUM Update columns. If you have a fund filing, a mutual fund launch, a product change or a new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com
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