MutualFundWire.com: The Most Popular MFWire Stories of 2016
MutualFundWire.com
   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.

Michael Niedermeyer
Wells Fargo Asset Management
Former CEO

16) Reynolds' $65MM Putnam Shake Up

11/15 - The mutual fund shop's chief unveiled expense cuts and promoted a new COO and a trio of CIOs.

15) Ivy's Avery Heads Out

2/2 - The Waddell & Reed arm's president retired on June 30.

14) DoubleLine and AB Crush It

3/18 - Proportionately, DoubleLine and AB brought in more net inflows in February than any other top 50 fund firms, per M*'s estimates.

13) A Japanese Giant Buys Into U.S. Mutual Fund Services

7/28 - An arm of Mitsubishi UFJ Financial Group acquired 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.

12) Which Fund Firm Won 2015?

1/19 - Per M*'s estimates, in 2015 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.

11) For $145MM, a U.S. Growth Equity Shop Sells North of the Border

3/1 - Publicly-traded Canadian asset manager Fiera Capital Corporation agreed to buy Dayton, Ohio-based Apex Capital Management, a U.S. growth equity specialist, for $145 million.

10) A Chitown Asset Manager's Parent Freezes Hiring and Comp

2/9 - 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."

9) Amboian and Schreier Pass the Reins

1/28 - Bill Adams and Margo Cook took over as co-presidents of Nuveen.

8) A Partner Leaves Wellington After 15 Years

2/17 - On June 30 senior managing director and equity PM Frank Boggan withdrew from the partnership.

7) The Top Big Equity Fund of 2015 Is ...

1/4 - Per Bloomberg data, the Fidelity Select Retailing Portfolio, PMed by Deena Friedman, was the top of the $1-billion-plus U.S. equity mutual fund pack in 2015.

6) Is This Six-Year-Old Fund Firm Worth $4.5B?

2/19 - Analysts' new estimates of the value of Oaktree Capital's 20-percent stake in DoubleLine Capital suggest that the latter firm is worth $4.465 billion.

5) 101 Fund Families Win in Gotham

3/23 - Thrivent and TIAA were the biggest winners at Lipper's 2016 fund awards show in New York City.

4) 3 Big Fund Firms Rocked January: 37 Suffered

2/16 - Per M* estimates, Vanguard, DoubleLine, and DFA were the only fund firms that brought in more than $1 billion in net open-end mutual fund and ETF inflows in January.

3) After Two Decades With Wellington, a Partner Departs

1/14 - Senior vice president and PM Jamie Rome withdrew from the partnership on June 30.

2) Steinmetz Shakes Up OpFunds' C-Suite

2/18 - The OppenheimerFunds CEO picked new marketing and corporate strategy chiefs and a new general counsel.

1) This Giant Bank's Asset Management Chief Is Retiring

1/8 - Wells Fargo Asset Management CEO Mike Niedermeyer retired in March after more than 28 years with the company.


Printed from: MFWire.com/story.asp?s=55434

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