Orbitex Management, Inc., and Saratoga Capital Management, have agreed to merge their fund families into a new entity called Orbitex-Saratoga Capital Management. The deal will roughly double the size of the fund family to $500 million in assets.

"It will give shareholders enhanced investment flexibility to invest their assets in a larger and more diverse choice of funds. Additionally, it will open up new distribution platforms for both Orbitex and Saratoga," said Richard E. Stierwalt, chairman and CEO of Orbitex Financial Services Group.

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