Short Takes: Hibernia Attaches Its Name to Funds

Hibernia Corp. of New Orleans, has put its corporate name on its proprietary mutual fund family.

Since its founding in 1988, the family of seven funds had been called Tower Mutual Funds, a reference to the $13.3 billion-asset banking company's logo.

With the switch to Hibernia Funds, which took effect last Monday, investors should more readily associate the funds with the company, a spokesman said. "We have a good brand awareness," he added.

The Hibernia Funds have $1 billion of assets under management.

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