Liberty Funds Distributor on July 17 will rename each of its more than 50 mutual funds to incorporate the Liberty name. The firms money management subsidiaries are Liberty Asset Management, Colonial Management Associates, Crabbe Huson Group, Stein Roe & Farnham and Newport Fund Management. When the firms deal to buy Wanger Asset Management is closed, Liberty also will be added to the names of the funds in the Acorn family.
In addition, Liberty Funds Group and Nordic Baltic Holding Asset Management will subadvise management of each others investment assets in the United States and Europe. Nordic will subadvise international equities for one or more funds distributed by Liberty Funds Distributor in the United States; Colonial Advisory Services, a subsidiary of Liberty Funds Group, and Nordic will jointly manage high-yield global products for Nordics institutional clients.