Scudder Kemper Investments of New York and Boston is cleaning house. Pending shareholder approval, it will merge similar funds it offers, completely liquidate six small funds, and reshape its funds' administrative fees and boards of directors.

The initiatives are part of Scudder's attempts to make its operations more efficient and to focus its resources, said the company in a statement.

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.