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 28, 2005 Victory Sells REIT Fund Orinda, California-based Kensington Investment Group will acquire approximately $17.9 million in assets of Victory Capital Management's Real Estate Fund effective March 28, 2005. The assets will be merged into Kensington's $37.8 million Real Estate Securities Fund effective March 28, 2005, according to a news release. John Kramer, president of Kensington Investment Group, told the MFWire that while the firm had no other acquisition plans in the pipeline, the firm is "open to considering" other opportunities. "[Victory and Kensington] were introduced through a mutual contact," said Kramer. "It was a good opportunity because they had a fund that was smaller and not growing," said Kramer. Kensington manages three real estate mutual funds with $1.4 billion in assets. Printed from: MFWire.com/story.asp?s=9359 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |