| Shawn Lytle|
Delaware Investments and Macquarie
Company: Delaware Investments
Milestone: 20th Anniversary
The Delaware Wealth Builder Fund
, formerly the Delaware Dividend Income Fund
, is celebrating
its institutional class shares' 20th birthday!
Milestone: 50th Anniversary
AB is celebrating
its 50th birthday this year! Founded by Sanford Bernstein
in 1967, the company now has ties to 21 countries and $478B in AUM.
Company: Diamond Hill Capital Management, Inc
Milestone: Reducing Fees
Diamond Hill is lowering
the management fee for the Diamond Hill Mid Cap Fund
by 5 bps.
Company: Cohen & Steers
Milestone: Third Anniversary
Cohen & Steers is celebrating
the Cohen & Steers MLP & Energy Opportunity Fund
's third year anniversary. The fund offers investors access to "midstream energy," which entails the transportation, storage and wholesale distribution.
Company: Eaton Vance Corp.
Milestone: Acquisition of assets of Calvert Investment Management
Eaton Vance has purchased
all of Calvert's business assets. Calvert is now a newly formed Eaton Vance subsidiary, as reported by the MFWire
Milestone: Launch of a new brokerage firm
Tastytrade has launched Tastyworks
, an online brokerage firm with "strategic content and a reduced fee structure to transform individual investors from passive to active market participants."
Company: Brandywine Global Investment Management, LLC
Milestone: Best Place to Work in Money Management for 2016
Pensions & Investments
Brandywine this honor. This is the second time the firm has been bestowed this honor. Brandywine is also now a signatory
of the United Nations
-supported Principles for Responsible Investment
(PRI), a global network for investors committed to "incorporating ESG considerations into their investment philosophies."
Company: Pacific Funds
Milestone: Five Year Anniversaries
The Pacific Funds Short Duration Income
, the Pacific Funds Strategic Income
, and Pacific Funds High Income
are all celebrating
their five year anniversaries.
Company: Reality Shares
Milestone: Two-Year Anniversary
Reality Shares is celebrating
its two year anniversary for the Reality Shares DIVS ETF
. The fund is Reality Shares' flagship fund.
Company: WisdomTree Investments, Inc
Milestone: Best Place to Work in Money Management
Pensions & Investments awarded
WisdomTree this honor, earning first place in its category of firms with 100 to 499 employees. This is the second consecutive year they have been given this honor.
Company: Virtus Investment Partners, Inc
Milestone: Acquisition of RidgeWorth Investments
that they have entered into an agreement to acquire RidgeWorth Investments, "a multi-boutique asset management firm with $40.2 billion in assets." Lightyear Capital
is RidgeWorth's parent company
, as reported by the MFWire
Companies: State Street Global Advisors
Milestone: Expansion of the Global Access to Fixed Income ETF Creation and Redemption
State Street and Bloomberg announced
enhancements to Bloombergís Fixed Income ETF
basket service, "automating the process of gaining access to liquidity necessary to create and redeem fixed income ETF."
Milestone: Leading iCapitalís Next Funding Round
Blackrock will lead
iCapitalís next funding round. Frank Porcelli
, chairman of BlackRockís US wealth advisory business, will join iCapital's board of directors and become a strategic advisor for the fintech platform.
Company: Fiera Capital
Milestone: Acquisition of Charlemagne Capital Limited
Fiera has acquired
London-based Charlemagne Capital Limited, increasing its AUM by $2 billion. The merger helps Fiera further diversify its product suite, including in the U.S.
Find our last Mutual Fund Milestones column here! To connect with our other columns, check here: To keep an eye on people moves in the future and see our previous Follow the Fundsters (previously know as People on the Move) column here. For the latest SEC filings and fund launches, explore our Filings For Fundsters (formerly Stork and Reaper) and New Fund Fuss columns. For job opportunities in the industry, explore our The Next Gig column. 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 firstname.lastname@example.org.
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