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Rating:Citizens On the Prowl for SubAdvisor Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, October 19, 2001

Citizens On the Prowl for SubAdvisor

Reported by Sean Hanna, Editor in Chief

The socially conscious Citizens Funds have swapped managers, according to a filing with the SEC. The temporary winner of the $220 million, two-fund mandate is State Street Global Advisors (SSgA).

The firm will replace Clemente Capital, a unit of Wilmington Trust specializing in international equities. The filing revealed that the New Hampshire-based firm is still seeking a permanent sub-advisor to the funds.

A spokesperson from Citizens Funds was unable to comment by the time this story was published.

SSgA will take over as subadvisor to the $217 million Citizens Global Equity Fund and the $3.2 million Citizens International Growth Fund on an interim basis.  

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