Amvescap will purchase Boston-based Pell Redman & Co from Old Mutual for $172 million and potential asset retention payments of up to $28 million over two years. The transaction is subject to regulatory approval and is expected to close in the third quarter of 2001.
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State Street launched the Wilshire REIT Index Fund, tracking a subset of a weighted index designed to measure the performance of publicly traded REITs.
 
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