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Fund Group |
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Fund Group A set of mutual funds managed by a single company. The funds within a fund group have different investment goals and/or strategies. However, because the same company manages the whole group, individual investors may generally move money from one fund to another without extra commissions or fees. This allows investors to be flexible in their own investment goals according to their particular needs at a given time. It is also called a fund family or a family of funds. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This new hedge fund unit will be headed by Alexander Moomjy and Patrick Daly in New York and Peter Mayer in London, all formerly of Credit Suisse's Private Fund Group. The fund is part of a mutual fund group managed by the Fort Worthbased AMR Corp. s Sierra funds to create a fund group with about $5 billion in assets. |
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