In the Margins
Shares of Waddell & Reed Financial fell 14% in heavy trading Tuesday after the firm announced weak results and the retirement of a marquee fund manager. Michael L. Avery, president of the firm and portfolio manager of its largest mutual fund, the Ivy Asset Strategy Fund, will retire June 30. Read the original story from The Wall Street Journal.
Most Read
Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes ...
Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...
The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...