The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, December 30, 2016|
The Most Popular MFWire Stories of 2016
As 2016 comes to a close, it's time for MFWire to look back on the news of the year and highlight the stories that you, the readers, favored above the rest. Here are the 16 most-read industry stories of 2016.
Waddell & Reed arm's president retired on June 30.
DoubleLine and AB brought in more net inflows in February than any other top 50 fund firms, per M*'s estimates.
Rydex Fund Services from Guggenheim Investments. The price tag on the deal was reportedly $190 million, 0.37 percent of Rydex Fund Services' $52 billion in assets under administration.
Vanguard brought in $230.396 billion in net flows in open-end mutual funds and ETFs, more than double what any other fund firm netted.
Northern Trust CEO Rick Waddell sent a memo freezing salaries across the board for U.S. and European employees and freezing hiring "for both new and replacement posts."
Fidelity Select Retailing Portfolio, PMed by Deena Friedman, was the top of the $1-billion-plus U.S. equity mutual fund pack in 2015.
Thrivent and TIAA were the biggest winners at Lipper's 2016 fund awards show in New York City.
DFA were the only fund firms that brought in more than $1 billion in net open-end mutual fund and ETF inflows in January.
OppenheimerFunds CEO picked new marketing and corporate strategy chiefs and a new general counsel.
Wells Fargo Asset Management CEO Mike Niedermeyer retired in March after more than 28 years with the company.
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