{"id":4701,"date":"2009-01-07T10:40:29","date_gmt":"2009-01-07T10:40:29","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/01\/former_regions_morgan_keegan_i"},"modified":"2022-03-30T10:13:31","modified_gmt":"2022-03-30T15:13:31","slug":"former-regions-morgan-keegan-i","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-regions-morgan-keegan-i\/","title":{"rendered":"Former Regions Morgan Keegan Investment Funds Revise Their Names to Include Helios Brand"},"content":{"rendered":"

Seven former Regions Morgan Keegan Investment Funds have changed their names. Each fund’s name now begins with “Helios,” to reflect the shift in management to Hyperion Brookfield Asset Management from Regions Financial.<\/p>\n

Helios is Hyperion’s brand name. Hyperion took over Morgan Keegan’s beleaguered investment arm last year after a number of funds suffered serious value drops following the subprime mortgage collapse. Three open-end funds and four closed-end funds are affected by the name change:<\/p>\n

New Names of Former Regions-Morgan Keegan Select Funds: <\/strong>
\nHelios Select High Income Fund: HIFAX (Previously MKHIX)
\nHelios Select Intermediate Income Fund: HSIBX\u2028 (Previously MKIBX)
\nHelios Select Short Term Bond Fund: Remains as MSBIX
\nNew Names of Former RMK Funds:<\/strong>
\nHelios Advantage Income Fund: HAV (Previously RMA)
\nHelios High Income Fund: HIH (Previously RMH)
\nHelios Multi-Sector High Income Fund: HMH (Previously RHY)
\nHMH\u2028Helios Strategic Income Fund: HSA (Previously RSF)<\/p>\n

Hyperion spokesperson Marion Hayes says it was important that the new names reflect the funds’ new management. Hyperion Brookfield President and Chief Executive Officer John Feeney also noted that the rebranding of the acquired funds is part of the company’s efforts to integrate them with its existing fund platform.<\/p>\n

Shepherd Smith Edwards & Kantas LTD LLP Founder and Stockbroker Fraud Attorney William Shepherd<\/a>, however, cautions, “It is not uncommon for mutual fund managers to change the name of funds in an attempt to escape negative publicity. Yet, if the goal is to hide widespread allegations of fraud from investors, this might be considered yet another fraudulent act<\/a>!”<\/p>\n

Related Web Resources<\/strong>:
\nHyperion Brookfield Announces Changes to the Names and Ticker Symbols for its Closed-End Funds<\/a>, MarketWatch, December 18, 2008
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Seven former Regions Morgan Keegan Investment Funds have changed their names. Each fund’s name now begins with “Helios,” to reflect the shift in management to Hyperion Brookfield Asset Management from Regions Financial. Helios is Hyperion’s brand name. Hyperion took over Morgan Keegan’s beleaguered investment arm last year after a number of funds suffered serious value […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773],"tags":[],"class_list":["post-4701","post","type-post","status-publish","format-standard","hentry","category-broker-fraud"],"yoast_head":"\nFormer Regions Morgan Keegan Investment Funds Revise Their Names to Include Helios Brand — Investor Lawyers Blog — January 7, 2009<\/title>\n<meta name=\"description\" content=\"Seven former Regions Morgan Keegan Investment Funds have changed their names. 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