FleetBoston's Liberty Financial unit has swapped subadvisors on the Liberty All-Star Equity Fund. Schneider Capital Management will be added to the closed-end fund's five member advisory team on March 1.

Schneider takes over from Westwood Management. Its mandate is for the value equity portion of the $1.1 billion fund.

The portfolio manager from the firm will be Arnold C. Schneider III. He is president and chief investment officer of Schneider Capital and was a senior vice president at Wellington Management.

Boston Partners, Oppenheimer Capital, Mastrapasqua and Associates, and TCW are the remaining form subadvisors to the fund.  

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