Charlotte Observer Profiles Columbia Management's Cash Business

Jul 04 07

The Charlotte Observer Profiles Bank of America's Columbia Management Cash Business in a story entitled "Deal gives a boost to BofA's cash investments". The piece says the U.S. Trust's Excelsior money funds will be integrated into Columbia's fund lineup, and that these account for $8 billion in cash assets. "Columbia's cash investments unit has about 37 employees, most of whom are in Charlotte. The unit made 60,000 trades last year worth $8.5 trillion," wrote The Observer, citing Randall Royther, chief investment officer of the cash investments business. (Bank of America invited reporters to Charlotte last week for a "media day" to see Columbia's cash management operations.)

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