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, June 17, 2013 More Woes Afflict Marsico It's been a rough spring for Marsico Capital [profile]. MFWire reported last week in its Stork & Reaper section that Delaware Investments [profile] removed Marsico as a subadvisor for the Optimum Large Cap Growth Fund. The assets managed by Marsico are being moved to the fund's two other remaining subadvisors T. Rowe Price [profile] and Fred Alger [profile]. MFWire reported last month that Harbor Funds [profile] removed Marsico as subadvisor to the Harbor International Growth Fund, hiring Baillie Gifford Overseas Limited as a replacement. Last August, Harbor closed a Marsico-helmed fund, the Marsico/Harbor Flexible Capital Fund. Executives at Marsico and Delaware had yet to respond to requests for comment as of press time. Printed from: MFWire.com/story.asp?s=44341 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |