Wells Capital Management announced plans this week to preserve the majority of senior portfolio managers and mutual funds at its newly acquired Strong Capital Management subsidiary but some niche sector investments may soon disappear, the Milwaukee Journal Sentinel reports

Morningstar estimates that 33 of Strong’s 150 mutual funds will soon be merged out of existence or liquidated after Wells concludes its reorganization. Strong’s marquee fund managers, like Richard Weiss, I. Charles Rinaldi, Thomas Pence, Jay Mueller and Thomas Ognar, are expected to survive the cuts.

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