The stockpicker reached a deal to buy out Legg Mason's stake in the entity housing his funds, which he'll continue to run.
Offerings from Fidelity, Columbia, Janus and others look for inflection points of maximum pessimism about a particular stock or industry.
The firms all say in their mid-year outlooks that investors should seek dividends and diversification. Some are betting on bond markets, gold and cash.
Big contrast with gloomy forecasts from BlackRock, State Street Global Advisers and TIAA.
Most traditional IRA investors start with rollovers.
Five candid responses on interest rates, U.S. stocks, foreign stock markets, the race for the White House, and summer moving watching.
For the past 12 months, assets in the discount broker's funds grew 39.7%, to $47.9 billion.
Popular fund is riding wave of investors' love of dividends.
Financial advisers say it's crucial to get investors to stay focused on diversification, dividends and their long-term goals.
