Mutual Fund Investment Trust of New York has filed a proxy statement with the Securities and Exchange Commission seeking to merge the H&Q IPO & Emerging Company Fund, a series of Hambrecht & Quist Fund Trust of San Francisco, with Mutual Fund Investment Trust's newly-created Chase Vista H&Q IPO & Emerging Company Fund. The Hambrecht & Quist Group was recently acquired by The Chase Manhattan Bank of New York.

The H&Q IPO Fund, which was introduced in October 1999, had $18.09 million in total net assets as of Dec. 13. The merger will increase operational and administrative efficiencies by bringing the H&Q IPO Fund into a larger fund family, according to the filing.

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