Pioneer agrees to buy Third Avenue fund

Article Abstract:

Pioneer Group Inc. has reached an agreement to acquire the Third Avenue High Yield Fund. The fund is valued at $8.8 million (8.3 million euros). Pioneer also hired the fund's portfolio manager, Margaret Patel. The move is an attempt by Pioneer to strengthen its bond fund operations. Third Avenue's shareholders and Board of Trustees, along with Pioneer's trustees, must give their approval before the deal can be implemented.

Acquisitions & mergers, Mutual Fund Mgmt Companies, Portfolio Management, Mergers, acquisitions and divestments, Mutual funds, Pioneer Group Inc., Patel, Margaret, Third Avenue High Yield Fund

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John Mack to join Pequot hedge fund in chairman's role

Article Abstract:

John Mack has been appointed Chairman to Pequot Capital Management Inc., a Westport, Connecticut mutual fund firm. Mr. Mack is to recruit money managers and help lead the hedge fund into new markets.

Management investment, open-end, Officials and employees, Biography, Personality profile, Mack, John, Pequot Capital Management Inc.

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