Liberty Financial moved management of both of its mutual fund families to a single management team. Administration of Stein Roe & Farnham and the Colonial Group will now be consolidated under the oversight of Stephen E. Gibson, president of the Colonial Group. Mr. Gibson also will oversee institutional asset management.
Colonial will continue to manage its own ``load'' mutual funds for the intermediary market. Stein Roe will continue to manage no-load funds for the direct sold market. Thomas W. Butch remains president of Stein Roe Mutual Funds.
