Principal Preservation Portfolios of Milwaukee, a fund family with $1.2 billion in assets under management, has announced that it has changed its name to the North Track Funds.

The fund family changed its name because of a change in the nature of its funds, according to Robert Tuszynski, president and CEO of the company. Originally, the company created and marketed conservative funds that focused on preserving investors' principal, said Tuszynski. Now the company has a "pro-active portfolio development strategy", which, combined with the increasing popularity of its more broadly based equity funds, is the reason for the change, he said.

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