The Alleghany Funds will be renamed using the ABN AMRO brand name, according to a spokeswoman for Alleghany Asset Management. Last October, ABN AMRO Holdings of Amsterdam announced that it had reached an agreement to acquire Alleghany for $825 million (MFMN 10/23/00).
The transaction was completed in February, and the Alleghany funds will adopt the ABN AMRO name this month, the spokeswoman said. Currently, there are 15 Alleghany funds with $3.8 billion in assets under management. ABN AMRO has 13 funds.