Manning & Napier Advisors [
profile] filed for the
Strategic Income Conservative Series and
Strategic Income Moderate Series. These funds aim to manage against capital risk and generate income while pursuing long-term capital growth. As their names suggest, the Strategic Income Moderate Series will be managed with a less conservative asset allocation than the Strategic Income Conservative Series. Thirteen investment professionals from Manning & Napier will serve on the management team for these two funds. [
SEC Filing]
Invesco Asset Management [
profile] filed for the
Global Opportunities Fund and the
Select Opportunities Fund. The Global Opportunities Fund will seek long-term growth of capital through investing mainly in equity securities of domestic and foreign issuers. The fund will be managed by
Nick Mustoe. The Select Opportunities Fund also seeks long-term growth of capital, but through investing in equity securities of small-cap domestic and foreign issuers, including those in developing-market countries.
Robert Mikalachki,
Virginia Au and
Jason Whiting will be responsible for the management of the fund's portfolio. [
SEC Filing]
Osterweis Funds [
profile] launched the
International Equity Fund yesterday. The fund seeks long-term total returns and intends to invest 95 percent of its net assets in equity securities. The fund is managed by
John Osterweis,
Matthew Berler,
Alexander Kovriga,
Gregory Hermanski and
Zachary Perry. [
SEC Filing]
BlackRock Advisors [
profile] filed for the
Short Obligations Fund and the
Ultra-Short Obligations Fund. Both funds seek current income consistent with preservation of capital. The Short Obligations Fund will invest in floating-rate debt securities that mature in three years or less, and will be managed by
Michael Evan and
Richard Mejzak. The Ultra-Short Obligations Fund will invest in a broad range of U.S.-dollar-denominated money market instruments, and will be managed by
Thomas Kolimago and
Eric Hiatt. [
SEC Filing]
The Reaper took another day off, but several funds reorganized.
The
Mainstay Group of Funds renamed their
Epoch U.S. Equity Fund the
Epoch U.S. Equity Yield Fund. The fund will be repositioned to employ a domestic equity strategy. Also,
David Pearl will be removed as PM and be replaced by
Eric Sappenfield. [
SEC Filing]
Vanguard [
profile] added Timothy Beyer to the
Explorer Value Fund management team. Beyer, who had previously worked with Sterling, is replacing
Brian Walter. The Explorer Value Fund has $121.7 million in AUM, according to
Morningstar. [
SEC Filing]
Delaware Investments [
profile] added a new PM,
Paul Grillo, to its
International Bond Fund. He is the second PM for the fund, the other being
Paul Matlack. [
SEC Filing]
Finally, the
AXA Multimanager Large Cap Value Portfolio has a new PM,
Thomas Colas, through
Institutional Capital, the fund's subadvisor. [
SEC Filing]
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