Mutual Fund Milestones - December 8, 2016
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, December 8, 2016

Mutual Fund Milestones - December 8, 2016

Introducing MFWire's inaugural Mutual Fund Milestones column! Here we will post a compilation of the mutual fund industry's latest feats!


Company: PIMCO, Solar Capital Partners

Milestone: Partnership

PIMCO and Solar Capital are entering into a joint venture to help PIMCO "continue to develop and expand its private credit platform."


Company: Voya Investment Management, The American College of Financial Services

Milestone: Partnership

Voya and the American College of Financial Services are working together to "provide financial advisors with educational programs and innovative insights to help them become better equipped to have retirement conversations with their clients."


Company: Guggenheim Investments

Milestone: 5-year track records and overall 5-star Morningstar ratings

Guggenheim announced that "three of its flagship fixed-income mutual funds have achieved 5-year track records and maintained their overall 5-star Morningstar ratings, based on risk-adjusted returns."


Company: JPMorgan Funds

Milestone: Dalbar's Excellence in Sales Support Award

JP Morgan was given this honor for topping the sales desk rankings. This is the 16th consecutive year that they have won this title.


Company: Monetta Financial Services

Milestone: 10th Anniversary Using a Passive/Active Investment Approach

Monetta is celebrating the Monetta Young Investor Fund's 10th anniversary employing a passive/active investment approach.


Companies: Russell Investments, China Asset Management

Milestone: Partnership

Russell Investments and China Asset Management are working together to develop "China AMCís domestic fund-of-funds business and Russellís sales efforts among Chinese institutional investors."


Company: Morningstar, Inc

Milestone: Acquisition of PitchBook Data, Inc

Morningstar has purchased PitchBook Data, Inc., which "delivers data, research, and technology covering the breadth of the private capital markets."


Company: Betterment for Business

Milestone: Surpassing 300 Plan Sponsors

Betterment has announced that 300 plan sponsors use their services. Betterment launched 11 months ago.


Company: Voya Financial

Milestone: 2016 Corporate Governance Award for the Best Compliance and Ethics Program

Voya has been awarded this by Corporate Secretary Magazine. They were given this honor for their "coordination and integration of good governance principles and ethics across the company."


Company: Prudential Fixed Income

Milestone: New Global Brand Name

Prudential is consolidating its two brands under a new, single, global brand name, PGIM Fixed Income.


Company: SEI Investments

Milestone: The Advisorsí Inner Circle (AIC) Funds Celebrates 25 Years

SEI's Advisorsí Inner Circle Funds turns 25. The AIC trusts "enable investment advisers to rapidly launch and grow mutual funds in a cost-effective way, without having to build their own operating infrastructure." Currently, they have over $45 billion in AUM.


Company: Mediant

Milestone: New Brand Identity and New Location

Mediant is revamping their brand. It includes a new website, which "visually articulates the strength of Mediant's single, secure platform." Mediant will also relocate its technology and operations center to accommodate growth.


Company: Azzad Asset Management

Milestone: 'Top Gun' Status

Azzad has been awarded this by Informa Investment Solutions. This honor was given to the Azzad Small-Cap Growth Strategy because it was among the top 10 performers within one or more peer groups reporting to Informa.


Company: LPL Financial

Milestone: New Campus

LPL's new campus in Fort Mill, SC is now open for business. This new regional headquarters will enable LPL to consolidate its 1,000+ Charlotte employees into one space.


Thanks for stopping by for our first column! 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

Printed from:

Copyright 2016, InvestmentWires, Inc.
All Rights Reserved
Back to Top