M&A

On July 3, private equity firms, Stone Point Capital and Kohlberg Roberts & Co., made a majority investment in Focus Financial Partners, parent of mutual fund shop Fort Pitt Capital Group.

Subadvisors

On July 1, Exceed Advisory became the new subadvisor to the Catalyst Exceed Defined Risk Fund.

People Moves

On July 1, Michael Schoonover no longer serves as a PM to the Catalyst Exceed Defined Risk Fund.

On July 7, David H. Jackson became a PM for the Penn Capital Senior Floating Rate Income Fund.

On July 7, Peter Barsa and Michael A. Sesser became PMs of the Deutsche Small Mid Cap Growth VIP Fund.

On June 2018, Lionel Harris, PM of the Fidelity Small Cap Stock Fund, is expected to step away from portfolio management.

Strategies

On July 7, SSgA tweaked the investment strategy for the SPDR DoubleLine Total Return Tactical ETF.  

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