Managers Funds Acquiring Conseco Mutual Fund Business

October 3, 2003 ( - The Managers Funds, a unit of fund holding company Affiliated Managers Group Inc., has agreed to acquire the mutual fund business of the investment advisor formerly known as Conseco Capital Management - 40/86 Advisors.

Terms of the deal provide The Managers Funds will become the adviser to all of the funds in the Conseco Fund Group, with 40/86 Advisors to remain as the sub-adviser overseeing the bond funds and existing subadvisers Chicago Equity Partners and Oak Associates to continue to manage the stock funds.

The acquisition brings about $400 million in assets under management from the Conseco Fund Group to Norwalk, Connecticut-based The Managers Funds with about $4 billion in managed assets currently.   Not included in the transaction is 40/86 Advisors’ institutional separate account business.

Conseco Capital Management last month renamed itself 40/86 Advisors, a reference to the Carmel, Indiana-based company’s coordinates on a map (See  Conseco Capital Maps Out New Name ).