NEW YORK - Merrill Lynch Investment Managers on Tuesday announced the rebranding and launch of its third-party mutual funds.

The new Mercury Funds will include funds from three firms that Merrill has absorbed - Mercury Asset Management, Quantitative Advisors, and Hotchkis & Wiley - along with two funds subadvised by Turner Investment Partners.

The new family will have more than $6.5 billion of assets under management, according to a press release. Merrill Lynch said it plans to start all of its fund names with the word Mercury by Sept. 30.

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