The Rothschild Larch Lane Alternatives Fund
's name will be changed
to the Fiera Capital Diversified Alternatives Fund
The closing of the merge of Putnam Voyager Fund
into Putnam Growth Opportunities
, originally set for July 15, has been delayed
until further notice.
As of July 14, Class529A, Class529B and Class 529C of the MFS International Diversification℠ Fund
are not available for sale, and are scheduled
to be terminated on or around July 31.
The Class B shares of the Fidelity AdvisorŪ Focus Funds
to Class A shares. The fund's name will also change from Fidelity AdvisorŪ Electronics Fund
to Fidelity AdvisorŪ Semiconductors Fund
on Oct. 1.
Prudential Global Total Return Fund, Inc.
's manager and subadvisor will "waive
a portion of the management fee and subadvisory fee."
On June 17, the All Terrain Opportunity Fund
's performance benchmark was changed
to the HFRX Global Hedge Fund Index.
On Wednesday VanEck launched
the VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond ETF
. The ETF tracks the J.P. Morgan Custom EM Investment Grade Plus BB-Rated Sovereign USD Bond Index
and is PMed by Francis G. Rodilosso
and Eric Isenberg
Management, Subadvisor or PM updates
On July 11, Fiera Capital Inc
. purchased Rothschild Asset Management Inc's
stake in Rothschild Larch Lane Management Company
, advisor to the Rothschild Larch Lane Alternatives Fund
, now called the Fiera Capital Diversified Alternatives Fund
. Rothschild Larch Lane Management Company also rebranded as Fiera Capital Management Company
, and Rothschild Asset Management employees "will no longer be involved in the management or oversight of the Fund." And by August 31, Fiera will buy Larch Lane Advisors
The advisor of the now-Fiera Capital Diversified Alternatives Fund
to Fiera Capital Management Company LLC
on July 11.
George Maglares is a co-PM
for the Perkins Global Value Fund
and the Perkins International Value Fund
of Janus Investments
as of this July.
On Aug. 19, Jason Gottlieb
will no longer serve
as a PM for the Goldman Sacs Multi-Manager Alternatives Fund
will no longer
be a PM to the Invesco Unconstrained Bond Fund
The Vanguard International Growth Fund
will now be advised by Baillie Gifford
will no longer
serve as an investment advisor.
's Victory CEMP Global High Dividend Defensive Fund altered
its investment objective and principal investment strategy on July 12.
Northern Lights Fund Trust III
decided that the Discretionary Managed Futures Strategy Fund
will cease operations
and will try to close the fund on or before July 29. As of July 15, the fund no longer accept investments.
***To learn more about recent fund launches, check our most recent New Fund Fuss here. For SEC filings, check out our latest Stork and Reaper column here. If you have a fund filing that you would like to point out, or a mutual fund launch or product change that you would like to announce, please contact the MFWire team at firstname.lastname@example.org.
Correction: A prior version of this story gave the wrong acquisition targets of Fiera Capital. Fiera bought Rothschild Asset Management's stake in Rothschild Larch Lane Management Company, and Fiera will soon buy Larch Lane Advisors, too.
Stay ahead of the news ... Sign up for our email alerts now