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, March 22, 1999 Banc One and Pegasus Funds Merge Late last year, Banc One Corp and First Chicago NDB merged to form Bank One Corporation (NYSE: ONE). Now after having received the necessary proxy approvals, its' previously separate fund families, First Chicago's Pegasus and Banc One's One Group funds will merge and be renamed the One Group Mutual Funds. The combined family consists of 48 funds, with $56 billion in assets. The bank merged sixteen funds from Pegasus and One Group with overlapping investment objectives. No funds were dropped in the merger. Columbus, Ohio-based Banc One Investment Advisors is acting as advisor to the fund family and The One Group Services Company is the distributor. "We've brought together two excellent fund families to form an even greater mutual fund complex," said David J. Kundert, president and chief executive officer of Banc One Investment Advisors, in a prepared statement. "We're very excited by the size and scope of the fund family. As one of the 25 largest fund families, we offer a full range of mutual funds, which gives shareholders more choices to help them meet their financial goals." Printed from: MFWire.com/story.asp?s=24706 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |