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Administration May 1, 2009
NY RIA Joins with Money Manager
May 1, 2009 (PLANSPONSOR.com) - Registered
investment adviser Beck, Mack & Oliver LLC, a New
York-based, firm, has acquired New York-based Austin
Investment Management, Inc.
Reported by Fred Schneyer
A news release said the newly combined entity manages more than $3.1 billion, including high net worth investors, endowments, foundations and employee pension plans.
Beck, Mack & Oliver has specialized in managing customized core U .S . equity portfolios, according to the announcement. Austin Investment Management manages separate accounts as well as a global equity mutual fund.
Terms of the transaction, effective April 10, 2009, were not disclosed.