Symetra Financial Corp. announced Monday that the sale of its more than $3.1 billion-asset mutual fund business to Boston-based Pioneer Investment Management Inc. has closed.
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Shareholders approved the deal Wednesday and it became final on Friday.
Symetra Financial, formerly Safeco Life and Investments, is a group of affiliated insurance and financial services companies including Symetra Life Insurance Co. in Redmond, Wash. Symetra Life, formerly Safeco Life Insurance Co., has more than $21 billion of assets.
