Roger Engemann & Associates Considers Sale

Pasadena-based Roger Engemann & Associates, a money management firm with about $4.8 billion in assets, said it hired the investment banking firm Putnam, Lovell & Thornton Inc. to explore a sale of the company. Roger Engemann & Associates joins a growing list of fund managers that are for sale. Others are San Francisco’s Montgomery Asset Management and Chatsworth-based Great Western Financial Corp.’s mutual fund group. A third California-based fund manager, TCW Group Inc.’s Trust Co. of the West, also has said it’s considering a sale. Of the firm’s $4.8 billion in assets, about $850 million is in Roger Engemann & Associates’ group of five “Pasadena” funds.