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Article: Enterprise Reaches Agreement with MBIA Capital Management Corp. To Manage The Enterprise Tax-Exempt Income Portfolio
- Article from:
- PR Newswire
- Article date:
- December 22, 1997
CopyrightCOPYRIGHT 1997 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)
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ATLANTA, Dec. 22 /PRNewswire/ -- Enterprise Capital Management, Inc., the registered investment adviser for The Enterprise Group of Funds, Inc., announced today that it has reached an agreement with MBIA Capital Management Corp. for MBIA to serve as subadviser to the Enterprise Tax-Exempt Income Portfolio beginning Jan. 1, 1998.
Enterprise's fund will be the first retail municipal bond mutual fund managed by MBIA Capital Management, an investment management subsidiary of MBIA Inc. (NYSE: MBI). As of Sept. 30, 1997, MBIA Capital Management had more than $10.9 billion in assets under management, including a $3.3 billion municipal portfolio.
MBIA ...