MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, May 17, 2013 Stork and Reaper for the Week of May 17, 2013 Brain SurgeryWill Nasgovitz is no longer co-PMing the two-star, bronze-rated $1.2-billion Heartland Value Fund [profile]. 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 FastOn May 8 Invesco PowerShares' [profile] 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. BirthsOn May 9 Invesco PowerShares [profile] unveiled its PowerShares Fundamental Emerging Markets Local Debt Portfolio ETF, for 50 basis points. Goldman Sachs [profile] has launched the Goldman Sachs Multi-Manager Alternatives Fund. Vanguard has launched the Vanguard Emerging-Markets Bond Fund. E-mail editors@investmentwires.com with your mutual fund product news and updates! Check back throughout the week as update this column. Printed from: MFWire.com/story.asp?s=43865 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |