Fund Times: Longtime Manager Rejoins First Eagle Funds
William Blair Bond Fund became available to investors May 1, 2007 as the firm's second fixed-income offering. Bond Fund will be the firm's first intermediate-term bond offering, with an investment-grade mandate allowing no more than 10% of assets in high-yield securities. James Kaplan, Christopher Vincent, and Benjamin Armstrong will manage the fund, with the former two staying on as comanagers of William Blair Income . As a team, they have managed that short-term fund for nearly five years, delivering above-average returns in that time.
RS Approves Merger of Two Tech Funds
RS Internet Age and RS Information Age will soon be one. RS's Board of Trustees approved the merger of Internet Age into Information Age pending shareholder approval. Both funds compete in the specialty-technology category and hold less than $100 million in assets, though Internet Age was slightly more expensive.
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