Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:USAA Swaps Subadvisors Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 20, 2004

USAA Swaps Subadvisors

News summary by MFWire's editors

The board of USAA Investment Management decided to switch subadvisors for two funds in late June, the company disclosed in an SEC filing. On the Growth Fund, the board replaced RCM Global Investors with Loomis Sayles, effective July 1.

The board cited the "lack of progress in relative performance of the portion of the Fund managed by Dresdner," as well as Loomis Sayles' large-cap growth record and fees as reasons for the switch.

Also fired on June 23 was Westwood Management Corporation. Westwood, formerly subadvisor to the Value Fund, was replaced by Dallas-based Barrow, Hanley, Mewhinney & Strauss. The board cited similar reasons.

The Growth Fund has $851.4 million in assets and the Value Fund has $110.1 million in assets. 

Edited by: Theresa Sim


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use