As It Turns Out, IBM Credit Shares Plenty Of Technology With Fleet Investments

TECHNOLOGY STRATEGIES

IBM has sold the right to manage its $640 million in-house mutual funds group to Fleet Investment Advisors Inc. for $14 million, after a proxy vote by fund shareholders approved the board of trustees' recommendation to sell to Fleet. While it's unlikely that technological considerations had a significant impact on an investment decision of this sort--notwithstanding the fact that IBM was one of the two parties involved--just for the heck of it, IMT posed the obvious questions.

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