(May 30 – 15:30 ET) – Marathon Mutual Funds Inc. has decided to re-open the Marathon Plus Aggressive Growth Fund on Thursday, June 1. The fund was closed to new investors in late February. The fund was capped to avoid raising a pool that was too large for the investment manager of the fund, Brendan Kyne of Triax Investment Management Inc., to manage.

With the recent sell-off in the technology sector, the fund has experienced a decline in total assets with investors taking profits during the first quarter. The fund now has approximately $50 million in assets.

Marathon is making the units of the fund available to investors again. It intends to keep them available for sale until the total assets of the fund exceed $100 million.
-IE Staff