Sept. 23, 2002 — Evergreen Investments said it plans to acquire the GMO Global Balanced Allocation Fund (GMGAX), a mutual fund managed by Grantham, Mayo, Van Otterloo & Co. LLC (GMO).
The fund will be renamed Evergreen Asset Allocation Fund. GMO, however, will remain as manager. “Evergreen will become the fund’s investment adviser, and GMO will become its sub-adviser,” said Chad Peterson, a spokesman for Evergreen.
The fund’s investment style is not expected to change, Evergreen noted.