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, October 12, 2004 Pioneer Folds in Value Fund Boston-based Pioneer Investment Management will acquire New York-based Cullen Capital Management's Cullen Value Fund, pending shareholder approval. Officials expect the acquisition to close in early 2005. The news was announced in a release on Monday. The Cullen Value Fund has approximately $38.3 million in assets. Pioneer officials said they would reorganize the fund into a new Pioneer fund, but retain Cullen Capital Management as the subadvisor. "I expect financial advisers and their clients who are in search of a large-cap value alternative to take note of this fund," stated Mark Goodwin, senior vice president, chief financial officer and treasurer of Pioneer. Printed from: MFWire.com/story.asp?s=8234 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |