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Wednesday, September 06, 2000|
PBHG Closes Alliances
Pilgrim Baxter & Associates is expanding its distribution with the addition of two funds -- PBHG Small Cap Value Fund and PBHG Mid-Cap Value Fund -- through the retirement products of Dreyfus Retirement Services and Scudder Kemper Retirement Services.
"We are delighted that these PBHG value funds are being offered by premier retirement plan providers such as Dreyfus and Scudder Kemper," said James Wylie, senior vice president of institutional marketing and client service for Pilgrim Baxter. "Most people think of PBHG Funds primarily as an aggressive growth fund family, and aren't aware that our value offerings have outstanding records."
Pilgrim Baxter, which is an affiliate of United Asset Management, said that is beefing-up its marketing efforts in the 401(k) marketplace.
"Our funds--whether growth or value--are managed to produce long-term results, so we believe they may fit well into many investors' retirement programs," said Bill Higgins, vice president of retirement alliances. "To help inform retirement investors, we plan on supporting our 401(k) alliance partners with ongoing communications through regular mail, e-mail and conference calls."
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