TITLE

Pioneer Acquires Three Former Safeco Muni Funds Totaling $650 Million

AUTHOR(S)
Johnson, Matthew
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Pioneer Investment Management Inc., has announced its acquisition of three former Safeco Corp., municipal mutual funds. The total acquisition is around more than $650 million in size. The sale was precipitated by the purchase of the Safeco Life & Investments by an investor group led by White Mountains Insurance Group Ltd., and Berkshire Hathaway Inc. The privately held group of companies headquartered in Redmond, Washington has been renamed as Symetra Financial. It was announced later that it would exit the mutual fund business.
ACCESSION #
15458120

 

Related Articles

  • FUND BRIEFS.  // Pensions & Investments;11/12/2001, Vol. 29 Issue 23, p22 

    Reports development related to finance in the United States as of November 2001. Plan sponsor ratings for mutual fund managers; Ranking of New York Life; Merger between First American Funds and Firstar Funds.

  • Pioneer Consolidates Ops Around OMS. Kite, Shane // Securities Industry News;05/28/2001, Vol. 13 Issue 22, p1 

    Reports on Pioneer Investment Management's plans to migrate its entire family of global investment funds onto a single order management system, Charles River Data's Charles River Trading System. Pioneer's initiatives to improve its order management trade process; Pioneer's reasons for...

  • European Investment Firms Go On Buying Spree. Barney, Lee; Randall, Danielle // Investment Management Weekly;06/26/2000, Vol. 13 Issue 25, p1 

    Predicts that the acquisition of three United States asset management companies by European firms may be prelude to additional foreign acquisitions.

  • Community Fund delays merger move.  // Community Care;1/30/2003, Issue 1457, p13 

    Reports the postponement of the merger of Community Fund with the New Opportunities Fund after voluntary sector organizations expressed their concerns. Agreement concerning government interference; Implications of the merger.

  • Merger mania fans the flames in financial services. Strudwick, Barry; Grant, Chris // Business Press;2/23/96, Vol. 8 Issue 43, p21 

    Discusses the impact of company consolidations and mergers on the mutual funds sector in Texas in 1995. Average returns in 1995; Impact of performance on the longevity of the business; Philosophy of seeking out aggressive newer companies.

  • News briefs.  // Electronic Education Report;12/08/99, Vol. 6 Issue 23, p8 

    Reports on investment firm Ripplewood Holdings' purchase of the Supplemental Education Division of Primedia Inc.

  • ABP, consultant change personnel.  // Pensions & Investments;1/20/1997, Vol. 25 Issue 2, p18 

    Reports that a merger of various investment companies in Europe, have influenced a change in the role of senior investment personnel. Identification of various roles which were filled at Pensioenfonds ABP and other companies; Selection of Robert Coomans, as manager at European equity investments.

  • Trimming unit trusts.  // Finance Week;4/7/2003, p39 

    Reports on merger deals in the unit trust fund market in South Africa. Factors that contribute to the growing number of merger deals in the industry; Benefits provided by mergers to unit trust funds.

  • Full speed in takeover lane. Walkley, Pam // Bulletin with Newsweek;08/29/2000, Vol. 118 Issue 6239, p66 

    Reports on consolidation and merger activity in the Australian mutual fund sector. Value of merger deals over a recent three-year period; Fund managers' reasons for participating in merger deals; Differences of various takeover bids.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics