AIM Trimark Investments announced today that the AIM Cash Management Team, based in Houston, will assume responsibility for managing Trimark Interest Fund, Trimark U.S. Money Market Fund and AIM Trimark Dialogue Allocation Fund.

This change in portfolio management teams will not alter any of the funds’ investment objectives or investment strategies. By shifting the cash-management responsibilities to the Houston team, AIM Trimark is able to lever the skill of the dedicated cash management unit.

“One of the benefits of being a global organization is our ability to leverage our tremendous in-house expertise,” said Patrick Farmer, AIM Trimark’s chief investment officer and executive vice president, in a release.

“Our Houston team already manages a portion of our short-term cash investments, so it makes sense to lever their cash management capabilities across our whole line-up, and allow the Trimark fixed-income team to continue to focus on their award winning, rigorous credit analysis process.”

The AIM Cash Management Team currently manages money market funds totaling in excess of US$50 billion in assets under management, including 22 different money market products for retail and institutional investors. Believing strongly in a team approach to investment management, portfolio managers James Colquitt, Marques Mercier, Lyman Missimer III and Michael Marek of the AIM Cash Management Team will be assigned to the funds.