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A Chitown Shop Steps Into A Gotham Fund Firm's Shoes: Burnham Funds Become RMB Funds

TedTed
in The Bullpen
FYI: An 11-year-old Chicago-based shop is entering the mutual fund business by taking over a $660.4-million New York City-based mutual fund family.
Dick Burridge, CEO and chief investment officer of RMB Capital, confirms that, effective July 1, RMB stepped in as interim investment advisor to the three Burnham Funds [profile], rebranded as the RMB Funds. On September 15, the funds' shareholders will vote on whether or not to keep RMB on as the advisor on a permanent basis. Two people from Burnham have already joined RMB, and watch for more to do so.
Regards,
Ted
http://www.mfwire.com/article.asp?storyid=54493&bhcp=1
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