CDC Ixis Asset Management North America
has tapped Hansberger Global Investors
to be one of the three sub-advisors for its CDC Nvest Star Worldwide Fund, a spokesperson with CDC told the 401kWire.com. Hansberger replaces Montgomery Asset Management
"The fund takes a multi-manager approach and is divided into four segments," the spokesperson reported. "Two different units of Oakmark
provide management services as does Loomis Sayles
. Both Loomis and Montgomery were in the growth segments, but Hansberger's offering was a growth segment at a more reasonable price. With them on board, it is a better mix of managers."
The changes will take place on March 1, 2002.
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