|
|
Article: TWENTIETH CENTURY, BENHAM JOIN FORCES; MERGER CREATES $40 BILLION FUND FAMILY
- Article from:
- PR Newswire
- Article date:
- June 1, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SAN FRANCISCO/KANSAS CITY, Mo., June 1 /PRNewswire/ -- Twentieth Century Companies today completed its acquisition of Benham Management International, marking the largest union ever between no-load mutual fund families. The move, first announced in February, creates the nation's fifth largest family of no-load mutual funds and the 15th largest overall. The combined organization has over $40 billion in assets under management, almost two million shareholders and 62 no-load equity and fixed income funds.
The action follows approval on May 31 by shareholders in each of the 35 mutual fund portfolios managed by Benham Management Corporation, the investment manager for ...