ALPS Completes Mutual Funds Buy

ALPS Advisors Inc., a portfolio company of Lovell Minnick Partners, has completed its acquisition of the Liberty All-Star Funds management business from Banc of America Investment Advisors. The fund family consists of two closed-end, NYSE-listed equity funds: Liberty All-Star Equity Fund (NYSE: < ?xml:namespace prefix = st1 />USA), with net assets in excess of $1.3 billion as of Nov. 30, and the Liberty All-Star Growth Fund (NYSE: ASG), with net assets in excess of $156 million as of Nov. 30.