BOSTON Pioneer Investment Management Inc. will start an international value fund that it will manage jointly with Mercury Advisors, a unit of Merrill Lynch Investment Management.
The Pioneer Global Value Fund portfolio, which is scheduled to open Sept. 28, would be the first to be co-managed by Pioneer and Mercury. The plan was announced Thursday.
Pioneer and its Dublin-based Pioneer Investment Management Ltd. were managing $95 billion of assets, including $19 billion for U.S. investors, on June 30.
