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

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

Rating:Subadvisor Switcheroo Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, August 05, 2002

Subadvisor Switcheroo

by: InvestmentWires Staff, 

ICMA-RC has made subadvisor changes in its Vantagepoint Growth Fund (VPGRX) and Vantagepoint Aggressive Opportunities Fund (VPAOX).

Two subadvisor changes were made to the Vantagepoint Growth Fund, the firm's flagship equity fund with approximately $2.2 billion in assets. Peregrine Capital Management replaced TCW Investment Management Company, which held approximately 25% of the fund. Additionally, the assets managed by Atlanta Capital were reallocated to existing fund managers Tukman Capital Management and Brown Capital Management. The fund's objective and investment characteristics remain the same.

The Fund also reduced its index portfolio component, managed by BGI, from 20% to 5%, with the assets reallocated to Brown Capital Management and Tukman Capital Management. Fund management believes the change from the passive index to active management will increase the fund's return potential.

The Vantagepoint Aggressive Opportunities Fund replaced TCW Investment Company and MFS Institutional Advisors with Wellington Management Company and Southeastern Asset Management. The Fund's objective and investment characteristics remain the same.

John Tobey, CIO of Vantagepoint Funds, said, "One advantage of subadvised funds is the ability to change managers and reallocate assets as needed. All of the changes we've made are designed to increase the return potential of the funds, while maintaining the risk level." 

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

 Do You Recommend This Story?

Return to Top
 News Archives
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use