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Executive Moves


Fidelity Says Abigail Johnson to Succeed Father as Chairman

She is the third generation to control the company and, like her family members, has maintained a low profile despite the reach of the firm’s mutual funds.

MainStay Hires Ken Bossen for ETFs With Hedge Fund Approach

Bossen joined as director of ETF business development at the institutional intermediary division and will focus on the IndexIQ unit that MainStay acquired last year.

Bonnie Baha, DoubleLine’s Head of Developed Credit, Dies in Accident

Baha helped Jeffrey Gundlach turn DoubleLine Capital into a $100 billion asset management firm.

Famed Investor Bill Miller Leaves Legg Mason After 35 Years

The stock picker, known for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, will buy Legg Mason's stake in LMM, an investment adviser that he and the company jointly own.

Gross Goes Solo Again as Janus Moves Co-Manager to New ETF

The legendary money manager is losing his No. 2, Kumar Palghat, who will become co-manager of a new Janus Short Duration Income ETF.