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Friday, October 19, 2001 Citizens On the Prowl for SubAdvisor The socially conscious Citizens Funds have swapped managers, according to a filing with the SEC. The temporary winner of the $220 million, two-fund mandate is State Street Global Advisors (SSgA). The firm will replace Clemente Capital, a unit of Wilmington Trust specializing in international equities. The filing revealed that the New Hampshire-based firm is still seeking a permanent sub-advisor to the funds. A spokesperson from Citizens Funds was unable to comment by the time this story was published. SSgA will take over as subadvisor to the $217 million Citizens Global Equity Fund and the $3.2 million Citizens International Growth Fund on an interim basis. Printed from: MFWire.com/story.asp?s=27052 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |