Old Mutual Shareholders Face A Choice
Old Mutual's decision to fold its Growth Fund into its Focused portfolio lays a choice in the lap of Growth's shareholders. The Dec. 4 merger ended Growth's volatile but often lucrative life as a mid-cap growth fund. And it folded Growth's $358 million in assets into $132 million Focused's more stable, but also successful, large-cap blend strategy. The funds had different managers at different firms and different styles: They were night and day
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