TCW Loses a Sub-Advisory Mandate
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Tuesday, September 28, 2010

TCW Loses a Sub-Advisory Mandate

Delaware Management Company [see profile] has tapped Herndon Capital Management to take over the sub-advisory duties currently held by TCW Investment Management Company for the Optimum Large Cap Value Fund. The switch will take place in mid-October. [SEC filing]

Atlanta-based Herndon will join MFS Investment Management [see profile] in running the fund. MFS has served as the fund's sub-advisor since its inception in 2003.

The fund currently holds total assets of $640.4 million.

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