What does January have in store for fundsters? Here's a roundup of what's happening this month:
People
Who will be Janus' next CEO? The answer could come within the month. Tim Armour, who became interim CEO following Gary Black's departure in July, told analysts at a conference call in October that he hoped to have a new CEO
in place by the time company hosts its fourth-quarter earnings call
in January. A published report identified Prince Houston Group
as the recruiting firm involved with the search.
Morningstar will reveal its picks
for the Fund Manager of the Decade awards in mid-January.
Before that, it will announce the winners of the Fund Manager
of the Year awards for 2009.
Sandra Cavanaugh starts January 4 as
the new managing director of private client
services at Russell Investments. She takes
over from Greg Stark, who will go on a sabbatical
beginning February 1.
Richard Blunck will join Fidelity on January 11 as head of the personal
and workplace investing online channels group, reporting
to Kathy Murphy, head of Fidelity's personal investing unit.
Eduardo Repetto on January 1 stepped into the role of co-CEO
at Dimensional Fund Advisors alongside David Booth.
Michael Roberge became president of MFS effective January 1.
He took over the title from Rob Manning, who remains CEO and CIO.
Vanguard CEO Bill McNabb added the title of chairman on January 1.
He succeeded ex-CEO Jack Brennan in the chairman's seat.
Deals
The $428 million sale of Lincoln Financial's Delaware Investments
to Macquarie Group is expected to close any moment now. When the deal was first unveiled in August, executives said the transaction is
expected to close "on or around December 31, 2009."
Products
Schwab plans to launch an emerging market ETF and an international
small-cap equity ETF this month. This would bring the total number of Schwab
ETFs to eight.
Geary Advisors, formerly known as OOK Advisors, plans to add a mid-cap Texas ETF to
its product roster and complete the move of its headquarters from Oklahoma
City to Austin, Texas.
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