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Departure prompts Waddell & Reed to shuffle portfolio teams

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Waddell & Reed Financial Inc. announced that it moved two of its veteran portfolio managers to the asset strategy team, which runs several key funds that account for about a third of the firm’s overall assets under management. The move at the Overland Park-based financial services firm (NYSE: WDR) comes in the wake of the resignation of Ryan Caldwell on June 16; he was the co-portfolio manager for the $44.7 billion asset strategy portfolios. After suddenly canceling Caldwell's consulting contract…

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