In the Margins

Waddell & Reed brand to be phased out

August 2, 2017

By The Kansas City Star

The company that Chauncey Waddell and Cameron Reed founded 80 years ago is taking the men’s names off its mutual funds. Nine Waddell & Reed mutual funds will merge this fall into identical funds that carry the Ivy Funds brand while 11 remaining Waddell & Reed funds are expected to merge into their Ivy counterparts early next year. The mergers are part of a larger plan as the company addresses an outflow of investors’ money from accounts and fundamental changes in how the investment management world works. Read the original story from The Kansas City Star.



Most Read

10 Things
10 read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...