Mutual Fund Milestones - January 13, 2017
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Friday, January 13, 2017

Mutual Fund Milestones - January 13, 2017

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!


Company: AB

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.


Company: Tastytrade

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 has awarded 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

Virtus announced 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, Bloomberg

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."


Company: BlackRock

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

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