State Street Research & Management shuttered four institutional mutual funds that failed to attract enough assets to become profitable, CBS MarketWatch reports.

Board members of the four State Street funds – Institutional Core Fixed Income, Core Plus Fixed Income, Large Cap Growth and Large Cap Analyst – voted this week to liquidate the funds and give shareholders back their assets. The four funds collectively have $151 million of 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.