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Rating:Old Wine in New Bottle Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 16, 2001

Old Wine in New Bottle

Reported by Alfred Wang

Lord Abbett converted its growth and income fund last month, renaming the $275 million fund to Lord Abbett All Value Fund. The Jersey City, New Jersey-based fund firm changed the name to reflect larger positions in small- and mid-cap companies.

"We placed all the different market cap options into one fund to take advantage of what's doing well," explained a Lord Abbett wholesaler.

The prospectus was not affected by the conversion.

The fund firm has a total of 55 employees and $40 billion in assets under management. The name change took effect March 1, 2001 

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