MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 23, 2000 Managers Acquire Smith Breeden Funds The Managers Funds (TMF), the $3.2 billion Norwalk-Connecticut based fund family, today announced that it will acquire the retail business of Smith Breeden, which consists of three no-load mutual funds, totaling $242.6 in assets.
The three funds changing hands are the US Equity Market Plus (SBEPX), Short Duration US Government (SBSHX), and Intermediate Duration US Government (SBIDX) Funds. The US Equity Market Plus Fund, which will be renamed the Managers 500 Plus Fund, is an enhanced index strategy, has $179.9 million in assets under management. The Short Duration US Government Fund, which will renamed the Managers Short Duration Government Fund, has $34.6 million in assets under management. And the Intermediate Duration US Government Fund, which will be renamed the Managers Intermediate Government Fund, has $28.1 million in assets under management. Each of the funds has a 4 star overall rating by Morningstar. Printed from: MFWire.com/story.asp?s=25712 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |
