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Tuesday, August 23, 2005 ICAP Shutters Fund ICAP Funds will merge its ICAP Discretionary Equity Fund into its ICAP Equity Fund, according to an SEC filing. The Discretionary fund has just $9 million in assets under management, while the Equity fund has $793 million. Chicago-based ICAP also offers two other mutual funds, the ICAP Select Equity with $469 million and ICAP International with $110 million. The fund's board of directors approved the move in mid-May. Printed from: MFWire.com/story.asp?s=10311 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |