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Monday, April 11, 2005|
It is Official: Strong is No More
Strong Funds was officially absorbed into Wells Fargo Funds Monday. The San Francisco-based fund firm purchased Strong Funds' $24 billion in registered products and $5 billion in other assets after the Menomonee Falls, Wisconsin outfit was caught up in the Spitzer investigations.
The Strong name will disappear from the 69 remaining funds in its family. Wells Fargo is selling the products as part of the 120-fund Wells Fargo Advantage Funds.
Printed from: MFWire.com/story.asp?s=9457
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