Invesco is to acquire OppenheimerFunds in a deal projected to boost Invesco to over $1.2 trillion in assets under management.
Investors are ignoring signs of deteriorating fundamentals in the fixed-income marketplace and underestimating inflation risk, managers said on an Eaton Vance panel.
Barings has launched an emerging markets equity fund for US investors.
Your daily round-up of the latest fund launches, manager moves and strategy shifts.
Bain Capital's Jonathan DeSimone is to exit the firm in the middle of next year, stepping off the John Hancock Floating Rate Income fund.
Charles Radtke, who was hired by Barrow, Hanley, Mewhinney and Strauss in August 2017, has left the firm.
Columbia Threadneedle has updated the management roster of three funds as one manager exits and two others shift focus.
The asset manager reported net outflows of $3.1 billion in its third quarter earnings report.
The new fund will be managed by Thomas H. Atteberry and Abhijeet Patwardhan.
Based in Newport Beach, Calif., Browne will report to Mihir Worah, Pimco's managing director and chief investment officer for asset allocation and real return.