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Rating:Diversified Taps New Sub-Advisor Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, December 04, 2001

Diversified Taps New Sub-Advisor

Reported by Tony Pennino

Diversified Investment Advisors has tapped BlackRock Advisors to serve as sub-advisor for two of its funds. Those funds are the Core Bond Fund (DVGCX) and the Balanced Fund (DVIBX).

BlackRock will be the only sub-advisor for the bond fund. The firm will oversee the fixed income portion of the balanced fund. Aeltus Investment Management sub-advises the equity portion.

"BlackRock is known for delivering excess returns at a reduced level of risk. We believe that BlackRock will serve investors in both funds well," opined Tom Schlossberg, president and ceo at Diversified.

"BlackRock is a recognized leader in the fixed income industry," added Mark Mullin, cio at the firm, "and we're extremely pleased to be able to add them to two of our funds. They have in-depth expertise in all sectors of the fixed income market and are well known for their risk management and technological capabilities."

BlackRock replaces Payden & Rygel in the role of sub-advisor.

Diversified specializes in offering services in retirement plans from defined benefit plans to defined contribution plans. 

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