AIM Investments announced today that Timothy P. Beyer has been named portfolio manager for AIM Mid-Cap Basic Value Fund. Beyer joins AIM Investments from USAA Investment Management, where he managed its value fund since inception in 2001. He also managed its balanced fund since late 2000.
"We are pleased to add someone with the talent and experience Tim brings to our Basic Value Team," said Edgar M. Larsen, president and chief investment officer for AIM Capital Management.
Beyer began his investment management career in 1991 at Bank of America. He served as a corporate bond analyst from 1991 to 1994 and then an equity analyst before being promoted to portfolio manager in 1996.
During that time he co-managed $4 billion in large-cap value mutual funds, common trust funds and institutional accounts. In 1999, he was appointed director of asset allocation.
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