Columbia still working to whittle costs, funds; Despite efforts, outflows remain ongoing problem.(News)
Investment News, September, 2005
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Byline: David Hoffman NEW YORK - Columbia Management Group Inc. last month revamped its back-office operations, creating savings that will be passed directly to investors in its funds, said Keith Banks, president and chief investment officer of the firm. And as of today, the Nations Funds brand of parent Bank of America Corp.
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has been replaced by the Columbia brand. The moves exemplify how Boston-based Columbia, one of the largest bank-owned fund groups in the country, is trying to woo investors. The behemoth fund group was formed when Charlotte, N.C.-based B ...
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