Managers Investment Group finalized plans this week to acquire $3 billion of customer assets from Freemont Investment Advisors.

The deal gives Managers control of Freemont's 12 no-load mutual funds, which are managed by independent sub-advisors, as well as assets in 401(k) plans and separate accounts. As a result of the deal, Managers now offers 37 mutual funds with $8 billion in assets.

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.