Friedman Billings Ramsey Group, Inc., has completed its acquisition of Grandview Advisers, Inc., which managed the Grandview Realty Growth Fund.

The Grandview Realty Growth Fund has become the FBR Realty Growth Fund. It joins three other funds in the FBR fund family: the FBR Financial Services Fund, the FBR Small Cap Financial Services Fund and the FBR Small Cap Growth/Value Fund.

Winsor Aylesworth, president of the former GrandView Advisers, will manage the FBR Realty Growth Fund.

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