MutualFundWire.com: Marsico to Buy Back Namesake Funds

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Friday, June 15, 2007

Marsico to Buy Back Namesake Funds

Tom Marsico
Marsico Capital Management, LLC
CEO, CIO

Tom Marsico, chief executive officer and chief investment officer of Marsico Capital Management, is buying back the company from Bank of America in a deal expected to close in the fourth quarter. Terms of the deal were not made public. Marsico, 51, established MCM in 1997. Two years later, BofA acquired a 50-percent stake in the firm for $150 million and purchased the remaining half in 2000 for $950 million.

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