(February 23 – 16:20 ET) – Marathon Mutual Funds, a subsidiary of Triax Investment Management, has capped the Marathon Plus Aggressive Growth Fundat $100 million and will not be accepting any new orders for units of the Fund after today.

Opened to the public only in mid-December 1999, the Fund has experienced “extraordinary success,” says Marathon.

Brendan Kyne, portfolio manager of the Fund, says he is “thrilled with the response from investors” and that he was “looking forward to aggressively investing the money in the Fund to maximize returns for unitholders”. Kyne, formerly with Driehaus Capital Management Inc.) of Chicago, and now portfolio manager for Triax Investment Management Inc., managed the AGF 20/20 RSP Aggressive Equity Fund and AGF 20/20 RSP Aggressive Smaller Companies Fund for Driehaus.
-IE Staff