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 |
|
Tuesday, February 18, 2003 Seix Wins High Yield Mandate Seix Investment Advisors has won a mandate to subadvise the Hyperion Total Return Fund. Seix replaced Pacholder Associates as sub-advisor to the New York City-based, closed-end fund last Saturday (February 15). The mandate covers the fund's portfolio investing in high yield and junk bonds. Hyperion did not state the reason for its change in sub-advisors in the release announcing the change. The hiring is under an interim agreement. The fund's shareholders will vote on a permanent subadvisory contract at the fund's annual meeting set for April 15, 2003. Employee-owned Seix manages roughly $12.2 billion of fixed income assets. Christina Seix, chairman & chief investment officer, and Michael McEachern, head of High Yield Group & senior portfolio manager, will serve as portfolio managers of the Fund's High Yield Portfolio. Printed from: MFWire.com/story.asp?s=4570 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |