Canadian manager Jarislowsky Fraser Limited has won a mandate from Fremont Investment Advisors to advise its International Growth Fund. JFL succeeds Capital Guardian Trust, which managed the Fremont International Growth Fund since 1998.

The fund has assets of over $30 million and will be overseen by a team of four investment professionals with an average of 10 years of experience. The firm will assume the mandate on June 28, 2002.

JFL was chosen to manage the Fremont International Growth Fund as the result of a three-month manager search and evaluation process, according to Fremont's ceo, Nancy Tengler.

After reviewing the quantitative performance of a number of firms, Fremont's search team conducted in-person meetings with a handful of firms whose performance stood out.

"As a result of this extremely thorough process, in which we evaluated all aspects of the firm's investment process, including risk controls, we are convinced that JFL provides remarkable added value not previously available to U.S. mutual fund investors," Tengler said.  

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