On January 25, 2011, Kansas City, Missouri-based Scout Investments announced that it had agreed to acquire two bond funds from Frontegra Asset Management.
On January 25, 2011, Kansas City-based Scout Investments announced that it had agreed to acquire the mutual fund business of the Frontegra Columbus Core Fund and the Frontegra Columbus Core Plus Fund from Frontegra Asset Management. Reams Asset Management, an institutional fixed-income specialist which was acquired by Scout in 2010, has been the sub-advisor of both funds since their respective inceptions. The funds, both with 5-star ratings from Morningstar, will continue to be managed by Reams. The acquisition, which is subject to shareholder approval, will diversify Scout’s equity offerings. If approved, the funds will be reorganized into the Scout Core Bond Fund and Scout Core Plus Bond Fund.
To read the press release, please click here.