Investec Asset Management is bowing out of the U.S. mutual fund business, handing off the family to Guinness Atkinson Asset Management. The company is named after Tim Guinness, original founder, who had remained with Investec after his company was acquired, and Jim Atkinson, president of the funds at the time of the original acquisition.

In the meantime, Atkinson went on to head, an Internet site that educates consumers about mutual funds. Atkinson ended up leaving MAXFunds and forming a consulting firm, Orbis Marketing.

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