Directors

The board of directors of PGIM Investments LLC’s Prudential Series Fund and Prudential’s Gibraltar Fund, Inc. approved, shareholder approval pending, plans for the nomination and election of ten new board members. The shareholder meeting for final approval is scheduled for December 14.

PMs

Roger G. Young is retiring from Touchstone Securities’ Touchstone Premium Yield Equity Fund, effective September 30. This coincides with the end of Young’s tenure as PM at the Miller/Howard Income-Equity Fund and Howard Drill Bit to Burner Tip Fund, announced in October 2016.

Rebranding

Starting October 2, Deutsche Global Growth VIP will be renamed Deutsche International Growth VIP.

Subadvisors

T. Rowe Price Associates, Inc. plans were approved this week by the board of the Optimum Large Cap Growth Fund to replace Fred Alger Management, Inc. as the sub-advisor to the fund with ClearBridge Investments, LLC. Peter Bourbeau and Margaret Vitrano will join the fund from the ClearBridge team, both serving as portfolio managers. The changeover is tentatively set for early October.

The Wells Fargo Alternative Strategies Fund is dropping Pine River Capital Management L.P. as a sub-advisor to the fund. The change is effective on or about November 23, possibly earlier. No replacement has been named.

Launching

PowerShares registered a new fund on September 15, calling it PowerShares PureBetaSM US Aggregate Bond Portfolio. Invesco PowerShares Capital Management LLC is advising the fund, bringing with it a PM team. Peter Hubbard is serving as director of portfolio management, Jeffery W. Kermagis as senior PM, and Philip Fang, Gary Jones, and Richard Ose as PMs.



Check our previous Filings For Fundsters column (previously called Stork and Reaper) for more SEC filing updates. For the latest new hires, fund launches, and industry statistics, explore our Follow The Fundsters, New Fund Fuss, and AUM Update columns. If you have a fund filing, a mutual fund launch, a product change or a new hire that you would like to announce, please contact the MFWire team at editors@investmentwires.com. 

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