is no longer co-PMing
the two-star, bronze-rated
$1.2-billion Heartland Value Fund
]. Will's father Bill Nasgovitz
continues to co-PM the fund alongside Brad Evans
. The switch comes as Will succeeds Bill as CEO, with CEO remaining on as chairman and chief investment officer.
Also at Heartland, last week the shop named
former State Teachers Retirement System of Ohio international equities PM Robert Sharpe
as co-PM of the $27.9-million Heartland International Value Fund
. Bill Nasgovitz also co-PMs that fund.
They Grow Up So Fast
On May 8 Invesco PowerShares
] PowerShares CEF Income Composite Portfolio ETF
hit the $500-million AUM mark. The ETF tracks the three-year-old S-Network Composite Closed-End Fund Index
On May 9 Invesco PowerShares
its PowerShares Fundamental Emerging Markets Local Debt Portfolio ETF
, for 50 basis points.
] has launched
the Goldman Sachs Multi-Manager Alternatives Fund
the Vanguard Emerging-Markets Bond Fund
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