Houston-based American General Financial (AGC) has acquired the assets of Boston's CypressTree Investments,

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American General Financial

Cypress Tree Investments

North American Funds

On InvestmentWires

VALIC Debuts Mutual Funds Mar 10 1999

including its $1 billion North American Funds family.

Terms of the acquisition were not disclosed.

The North American Funds are a 16 strong fund complex subadvised by 10 of the industry's leading money managers including Warburg Pincus, Wellington, Fred Alger, Morgan Stanley, and Salomon Brothers. 

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