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.