MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 16, 2001 Old Wine in New Bottle Lord Abbett converted its growth and income fund last month, renaming the $275 million fund to Lord Abbett All Value Fund. The Jersey City, New Jersey-based fund firm changed the name to reflect larger positions in small- and mid-cap companies. "We placed all the different market cap options into one fund to take advantage of what's doing well," explained a Lord Abbett wholesaler. The prospectus was not affected by the conversion. The fund firm has a total of 55 employees and $40 billion in assets under management. The name change took effect March 1, 2001 Printed from: MFWire.com/story.asp?s=24358 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |