MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 29, 2001 Managers Funds Taps Subadvisor Affiliated Managers Group is leveraging its acquisition of Rorer Asset Management. The firm is planning two new funds for its Managers AMG Fund brand using Rorer as the subadvisor. The new funds will be the fifth and sixth members of the Managers AMG Funds, confirmed Peter Lebovitz, president. The family was created to leverage AMG's infrastructure used for the distinct Manager Funds on the behalf of AMG affiliates. Existing funds are advised by Essex, Frontier and First Quadrant. Lebovitz said that he expects the number of funds offered by AMG affiliates to grow, but that there are no specific plans for funds in the works at this time. AMG purchased a 65 percent stake in Rorer in January of 1999. The Philadelphia-based affiliate manages $12.5 billion in assets. The two new funds will be the Rorer Large-Cap Fund and the Rorer Mid-Cap Fund. Both funds will be sold on a no-load basis. The funds will be co-managed by Edward Rorer, the affiliate's investment chief, James Hesser, chief operating officer, and Clifford Storms, director of research. Each of the funds will have a value bent and Rorer Large-Cap Fund will hold no more than 40 stocks. Printed from: MFWire.com/story.asp?s=24548 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |