Weekly Web Flash
December 31, 2001
MFMarketnews.com is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week, here are some Web exclusives you missed:
* Stilwell Financial subsidiary Berger Funds of Denver has acquired Bay Isle Financial Corp., an asset manager based in San Francisco known for its expertise in large-cap value investing. Bay Isle will add $1 billion in assets, raising Berger's total assets under management to more than $8 billion.
* U.S. equity funds experienced net inflows of $10.5 billion in November, Lipper reported. It's the second consecutive month of net inflows following outflows in July, August and September.
* Pilgrim Baxter & Assoc. added three funds to the 16 it offers under the PBHG moniker: PBHG Clipper Focus, PBHG New Perspective and PBHG REIT. The funds were formerly part of the UAM Funds group.