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Rating:A Baltimore Firm Loses Sub-Advisory Mandates Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 31, 2008

A Baltimore Firm Loses Sub-Advisory Mandates

by: Erin Kello

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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