The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Firm Names Three New Subadvisors Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 21, 2002

Firm Names Three New Subadvisors

by: Sean Hanna, Editor in Chief

A trio of managers has won mandates to manage fund assets for Frank Russell. The winners included Brandywine Asset Management, DePrince Race and Zollo and Goldman Sachs. Each of the funds is a multi-manager fund.

Brandywine (Wilmington, Delaware) and DePrince each won mandates to sub-advise large cap value portfolios included in the FRIC Equity III and Equity Income funds. Brandywine's mandate covers about $54 million in assets. DePrince gets about half of that amount with its $23 million assignment. The other subadvisors to the fund include Barclays Global Fund Advisors and Iridian Asset Management LLC.

"The addition of the relative value strategy at Brandywine is intended to increase the return potential of the fund, and it serves as a diversifier to the other managers in the fund," said Ron Dugan, portfolio manager at Russell, in a statement. "Likewise, DePrince focuses on undervalued, yield-oriented stocks, so this assignment also provides the fund with greater diversification and return potential."

Goldman Sachs Asset Management landed a market-oriented equity assignment in the FRIC Equity II and Special Growth funds. It is one of eight subadvisors on the funds.

Frank Russell did not disclose the size of this mandate, but it said that Goldman will manage seven assignments in Russell's funds complex with a combined $829 million.

"Goldman Sachs is highly complementary to the existing managers in this fund on multiple levels," said Erik Ogard, portfolio manager at Russell. "Their investment team offers the fund a great deal of analytical rigor and a meticulous quantitative modeling process on both the return and risk dimensions of the investment process."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use