Delaware Investments is taking a simpler approach for one of its funds' names. The Delaware Diversified Value Fund will now be called the Value Fund.

Company officials also announced that Christopher Adams and Rob Ginsburg, former managers of the fund, will be replaced by D. Ty Nutt and a team of value managers.

The value team was hired away from Merrill Lynch Investment Managers earlier this year, and is composed of Robert Vogel, Jr., Anthony Lombardi and Jordan Irving.

Adams and Ginsburg remain with Delaware managing other funds. 

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