ING Americas will combine the ING Pilgrim Funds and Aetna Funds next year, said Dreama Briley, a spokeswoman for ING Pilgrim. In 2000, ING acquired both Aetna and ReliaStar Financial Corp., which included the Pilgrim Funds.

The investment managers and distribution companies supporting the funds will all be merged into one operating unit and the funds will take on a common name, Briley said.

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.