Fleet Asset Business Gets New Name

February 4, 2002 (PLANSPONSOR.com) - FleetBoston Financial's $170 billion asset management business will be named Columbia Management Group, Inc., the group announced.

As a result of combining the asset management business Fleet acquired in November 2001 with its existing in-house asset management work, Columbia is now among the top 20 mutual fund managers, Fleet said.

Columbia Management Group’s $170 billion in assets under management are diversified by asset classes, with 50% in equity, 30% in fixed income, and 20% in money market funds.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.