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Friday, September 24, 2010

ALPS Takes Another Fund Under its Wing

Reported by Armie Margaret Lee

Today, ALPS Advisors [see profile] formally wraps up its adoption of the RiverFront Long-Term Growth Fund, which was previously offered as a series of Baird Funds. Denver-based ALPS reorganized the fund into its Financial Investors Trust.

RiverFront Investment Group continues as the fund's sub-adviser.

This marks the latest adoption for ALPS, which adopted the Activa Value Fund last September and the Old Mutual China Fund in January of this year.

The adoption also represents an expension of ALPS' relationship with RiverFront. Last month, ALPS teamed with the Richmond, Virginia-based company on the launch of the RiverFront Global Allocation Series

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