Short Takes: Warburg Pincus Adds 11 Credit Suisse Funds

Warburg Pincus Asset Management, New York, has merged 11 mutual funds from Credit Suisse First Boston's BEA Associates fund group into its retail no-load fund line.

The merger, which occurred last week, is the result of a joint venture announced in June between Credit Suisse Asset Management, London, and Warburg Pincus.

The 11 portfolios account for about $12 million of assets and bring to 34 the number of retail, no-load funds managed in Warburg's $9 billion family, a Warburg spokeswoman said. The funds will continue to be managed by BEA Associates, the New York-based institutional money management arm of Credit Suisse Asset Management. BEA manages $1.2 billion of institutional funds.

This week Warburg will launch a print advertising campaign to announce the merger, the spokeswoman said.

"It will be the traditional ads with the new managers' faces on them," she said.

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