Liberty Funds Group of Boston stood out from the crowd recently when it merged the equity trading desks of its two mutual fund companies, Stein Roe Mutual Funds of Chicago and Colonial Management Associates of Boston. Merging equity trading desks is a move that relatively few holding companies with a number of fund affiliates have made.
Scudder Kemper Investments of New York combined two equity trading desks when Scudder merged with Kemper in December 1997, said Steven Shapiro, a firm spokesperson. The centralized desk is located in New York. The firm decided to merge the desks for simplicity, he said.