Pioneer has adopted another fund. This time the Boston-based firm is taking the $42 million Cullen Value Fund under its roof. The fund is advised by New York-based Cullen Capital Management. Going forward, Pioneer will market the fund as the Pioneer Cullen Value Fund.
The adoption is designed to boost the fund's assets and give the fund manager quick access to a bigger distribution network, according to Pioneer officials.
Cullen Capital Management will stay on as subadviser and James Cullen will remain as the portfolio manager.
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