Berger Associates of Denver, Colo. is adjusting its mutual fund expenses and cutting fees in an effort to become more competitive. The 11-fund, no-load group with a combined $5 billion in assets recently notified its shareholders that as of Oct. 1, it would be either cutting the management fee outright or initiating fee breakpoints on all but one of its mutual funds. In addition, effective Oct. 1, Berger eliminated the 10 basis point fee it was charging to provide administrative services to the funds.

These recent cost cutting initiatives are part of Berger's plan to remain competitive, said Sally Carleton, a spokesperson for Berger. The company's latest efforts to remain competitive were initiated with the appointment of Jack R. Thompson as president and CEO of Berger Funds in May. Thompson joined Berger three months earlier as executive vice president. Thompson, who served as executive vice president of Berger's sister fund group, Janus Capital, also in Denver, from 1983 until 1995, is largely credited with boosting the recognition of the Janus Funds and increasing fund assets to over $26 billion in 1995 from under $300 million 12 years earlier.

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