MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 6, 2001 Zurich Scudder Loses $865 Million Mandate Raymond James' Eagle Asset has replaced Northern Trust as the subadvisor to the Memorial Government Bond Fund. The mandate is worth more than $30 million and will be awarded on December 1. The funds are distributed by Forum Investment Advisors. * * * George Bjurman & Associates has set a $350 million target for when it will reclose its Micro-Cap Growth Fund. That target may be reached as early as this week or next. The fund was opened at the start of October after its assets fell to $200 million. The target figure is near its asset peak. The fund was initially closed last Spring when it grew o $250 million in assets. * * * Tom Mahowald will replace Keith Tufte as director of equity research at American Express Financial Advisors. Tufte moves to the firm's hedge fund business. Mahowald reports to Ted Truscott who joined the Minneapolis firm from Zurich Scudder Investments this year. * * * Zurich Scudder has lost a $865 million international equity mandate from the New York City Retirement system due to poor performance and organizational changes. The funds were reportedly transferred to seven existing managers in the system. Deutsche Bank agreed to purchase Scudder Kemper this fall. * * * Raymond James' Eagle Asset has replaced Northern Trust as the subadvisor to the Memorial Government Bond Fund. The mandate is worth more than $30 million and will be awarded on December 1. The funds are distributed by Forum Investment Advisors. Printed from: MFWire.com/story.asp?s=27239 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |