Pioneer Acquires Three Former Safeco Muni Funds Totaling $650 Million

Johnson, Matthew
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p6
Trade Publication
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.


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