In Brief: Union Bank Family Small-Cap Addition

SAN FRANCISCO — Union Bank of California is about to add a small-cap growth fund to its 13-member HighMark family of mutual funds.

The HighMark Small Cap Growth Fund will be subadvised by Nicholas-Applegate Capital Management and is expected to begin trading on March 29, a spokeswoman said.

The HighMark family had assets of just under $10 billion at yearend.

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