In the Margins

Waddell & Reed shares drop 14%

February 3, 2016

By The Wall Street Journal

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

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 ...

10 Things
10 Ways…to improve fund board diversity

Mutual fund directors are increasingly interested in enhancing diversity on their boards. The following practical tips on improving board diversity are derived from discussions with directors, ...