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 |
|
Monday, June 24, 2002 Phoenix Reshuffles There are some big changes going on at Phoenix Investment Partners. The firm plans to name new money managers to fives of its Zweig funds and close down the remaining two funds. As of July 1, the Phoenix-Zweig Managed Assets (PZMAX) and Strategy Funds ( The funds will also be rebranded. The new money manages' brand name will be included in the brand name. So, for instance, it will now be the Phoenix-Oakhurst Managed Assets Funds. According to the firm, the investment objectives of the funds will not change. The Phoenix-Zweig Growth & Income (PZIAX) and Government Funds will both be closed and their assets liquidated. None of these changes affect the Zweig closed-end funds, which are managed by a separate investment team and governed by separate boards. Dr. Martin Zweig will no longer continue as president of the seven aforementioned funds. He will continue as chairman of the board and president of the closed-end funds. Printed from: MFWire.com/story.asp?s=2930 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |