Scout Investments will purchase two mutual funds from Frontegra Asset Management for an undisclosed sum. In case the deal gets shareholder approval, the Frontegra Columbus Core Fund will be reorganized into the Scout Bond Fund and rebranded as the Scout Core Bond Fund, while the Frontegra Columbus Core Plus Fund will be reorganized into a new fund to be named the Scout Core Plus Bond Fund. Institutional fixed-income specialist, Reams Asset Management, which has been sub-advising the Core and Core Plus Funds, will continue to manage the reorganized funds. The investment objectives and investment strategies for the funds will remain the same following the completion of the deal.
Click here for the release from Business Wire.