The housing crisis has cost another sub-advisor its mandates. Morningstar
reports that after more than two decades on the job, DWS Scudder
has taken away Baltimore-based Alex Brown Investment Management
's mandates for two funds. Heavy investments in the financial and housing-related sectors caused the funds to under perform. Alex Brown had run the DWS Equity Partners
fund since its inception a decade ago and the DWS Communications
fund for more than two decades. Management of the two funds will be brought in-house by Scudder.
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