SSB Citi Asset Management, the asset management unit of Citigroup of New York, will soon break up its 17 CitiFunds. Several of the proposed changes were disclosed in multiple SEC filings SSB Citi made in mid-July.

Some of the CitiFunds will drop the CitiFunds name and will carry the Smith Barney name. Another seven of the CitiFunds will be merged into similar existing Smith Barney funds.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.