SunTrust's STI Classic Funds
has picked a subadvisor for three new 130/30 funds. Alpha Equity Management
will subadvise the the International Equity 130/30 Fund
, Real Estate 130/30 Fund
and U.S. Equity 130/30 Fund
. STI did not use a consultant in its search.
SunTrust spokesman Hugh Suhr
told The MFWire
that the company chose Alpha because of its experience and expertise with active extension strategies (130/30) and REITS. He cited Alpha Equity's intellectual capital and investment acumen.
Surh added that SunTrust will be able to distribute the new funds within its internal channels.
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