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 |
|
Wednesday, June 14, 2000 AIM Founder to Retire Houston's AIM Funds co-founder Charles T. "Ted" Bauer, 81, will retire his chairmanship of the AIM Funds on September 30, and as
Bauer co-founded AIM in 1976 with Robert Graham, AIM president and chief executive officer and Gary Crum, president of AIM Capital Management. The company focused on fixed-income and money market products during its first several years of existence before shifting its focus toward retail equity funds in the mid-1980s. The firm acquired the Weingarten, Constellation and Charter Funds in 1986, and the CIGNA funds in 1992. In 1997, AIM merged with INVESCO to form AMVESCAP (AVZ), now one of the world's largest money managers with $391 million under management. Graham, 53, will succeed Bauer as chairman of the AIM Funds and chairman of AIM. "Ted's remarkable vision and leadership has enabled AIM to grow from a start-up company with five employees and no assets under management to one of the premier investment management firms in the country with over 2,300 employees," said Graham. Printed from: MFWire.com/story.asp?s=25805 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |
