Liberty Funds Group of Boston announced that it is merging the equity trading functions of its mutual fund groups - Stein Roe Mutual Funds of Chicago and Colonial Management Associates of Boston - so that trades for both fund families will be done from one central location.

The merger will mean that all securities trades for both fund groups will be executed off of one trading desk, said Lisa Sassone, a spokesperson for Liberty Funds Group. The operation will be based in Chicago and should be operating by early next year, she 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.