Lexington Global Asset Managers of Saddle Brook, N.J., adviser to the Lexington Group of Funds, has filed a preliminary proxy with the SEC, asking investors to approve the creation of multiple share classes on the funds. Lexington is being acquired by ReliaStar Financial Corp. of Minneapolis, which in turn is being acquired by ING Group N.V. of Amersterdam, The Netherlands.

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.