Integrity Mutual Funds announced Monday that it has inked a deal with Williamette Asset Managers to acquire management rights to its four equity mutual funds.
The deal will merge the four Williamette funds into four new funds within Integritys family of funds. The new funds include Integrity Value Fund, Integrity Small Cap Growth Fund, Integrity Health Sciences Fund and Integrity Technology Fund.
F. Martin Koenig, founder and chief executive of Koenig Advisors from 1999 to 2002 will manage the fund portfolios. Prior to that, Koenig served in senior investment management roles with several major firms, including AIG Global Investors and Chase Manhattan Bank.
"By taking over the management of the Willamette Funds, along with our recent acquisition of the equity and income funds from Canandaigua National Bank, we will be able to offer our shareholders and other investors a broader, diversified family of funds," said Robert Walstad, chairman and CEO of Integrity.
The deal is expected to close in mid September pending shareholder and regulatory approval.