The two funds will be sub-advised by Atlanta-based value boutique Shapiro Capital Management, in which American Beacon acquired a majority stake in February.
Charles Schwab has filed to launch an exchange-traded fund that follows its own proprietary index.
52-year-old Charles Scharf was most recently chief executive and a director of Visa from October 2012 through December 2016.
Waddell & Reed Financial has given fixed income manager Rick Perry two more multi-billion funds to manage.
The manager research specialist has left Citi to join the portfolio construction team of a reputed asset manager.
UPDATE: Nationwide Financial will lose two key portfolio managers within a month of one another.
Based at the firm's New York office, its new leader will oversee the firm’s $217 billion asset management business.
Rick Rieder, BlackRock’s chief investment officer of global fixed income, believes that recent rate moves have gone well and normalization remains on track.
LPL Financial's new platform will feature 1,500 funds from 20 different asset managers.
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