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
ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...