The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:California Bank Fund Group is Adopting Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 31, 2006

California Bank Fund Group is Adopting

by: Armie Margaret Lee

High Mark Capital Management is taking the Bailard Opportunity Funds under its wing. The board of trustees of the HighMark Funds and the board of directors of the Bailard Opportunity Fund Group have approved an agreement that will send the Bailard funds to three newly-established series of HighMark Funds, the firms said in a joint statement.

Under the deal, San Francisco-based HighMark Capital Management will serve as investment advisor and Bailard will become sub-advisor to the funds, with the present fund management lineup at Bailard continuing to manage the portfolios.

The planned move would free up Bailard’s resources to focus on managing investments and developing investment products, said Peter Hill, chief investment officer at Foster City-based Bailard.

As for HighMark Capital Management, the deal would expand the range of investment options for shareholders and enhance HighMark’s distribution opportunities in the market, according to Earle Malm, president and chief executive of HighMark Capital Management, a subsidiary of Union Bank of California.

HighMark Funds encompasses 18 funds with over $7 billion in assets.

Pending shareholder and regulatory approvals, the transaction is expected to close on March 31.

A spokesman for HighMark did not immediately return a call seeking further details. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use