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Rating:Coming in June: Invesco and Gundlach Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 01, 2010

Coming in June: Invesco and Gundlach

Reported by Armie Margaret Lee

Nearly seven months after his messy split from TCW, Jeff Gundlach will take the stage at the Morningstar conference later this month. Gundlach, the 2005 Morningstar Fixed Income Manager of the Year and a finalist in the Chicago firm's Manager of the Decade award, will address advisors and fellow fundsters on June 23. Vanguard chairman, president and CEO Bill McNabb will be the keynote speaker the next day. The conference, Morningstar's 22nd annual, will be held June 23-25 at McCormick Place Convention Chicago.

Below is a roundup of other happenings in the fund industry this month.

  • Invesco is set to finish its purchase of Morgan Stanley's retail asset management business today.

    Product Launch
  • Invesco PowerShares plans to list the PowerShares International Corporate Bond Portfolio on the NYSE Arca on June 3.

    People Moves
  • Jeffrey Cerutti, most recently managing director and head of third-party sales at UBS Global Asset Management joins Virtus Investment Partners today as head of retail distribution. UBS is looking for a replacement.

  • Nancy Curtiss, executive vice president of operations at Virtus, will retire from the Hartford, Connecticut-based firm on June 30.

  • Frank Ryan is leaving his post as chief financial officer at Russell Investments this month.

  • Gary Rolle will step down from his roles as CEO, CIO and chairman of Transamerica Investment Management at the end of the month.

    Closing Shop
  • Rigel Capital is liquidating its sole mutual fund, the $14.4 million Rigel U.S. Equity Large Cap Growth Fund, on June 11. The Seattle-based company itself is reportedly shutting down at the end of the month.

  • Pershing will stage its Insite 2010 Financial Solutions Conference June 9-11 at The Westin Diplomat in Hollywood, Florida. Former treasury secretary Hank Paulson leads the roster of speakers.

  • Avi Nachmany and co. will host the Strategic Insight National Conference June 28-29 at Chelsea Piers in New York City. This year's confab is anchored on the theme "Evolving Opportunities in Fund Distribution, Product Innovation & Retirement Markets." 

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