Russell Taps Three Sub Advisors

June 21, 2002 (PLANSPONSOR.com) - Frank Russell Company has selected Brandywine Asset Management, DePrince, Race and Zollo, and Goldman Sachs Asset Management for sub-advisor mandates in Russell's funds complex.

The assignments were completed as part of Russell’s multiple-manager process, for the company’s  more than 150 funds that are available to US investors through intermediaries, such as Raymond James & Associates, A.G. Edwards and Northwestern Mutual.

The Russell mandates involved:

  • Brandywine and DePrince getting tapped for large cap value assets in the FRIC Equity III and Equity Income funds, which currently hold approximately $173 million, and
  • Goldman Sachs Asset Management getting the nod for a market-oriented equity assignment in the FRIC Equity II and Special Growth funds, which currently hold approximately $1.5 billion

Each year, Russell evaluates more than 1,500 outside investment manager teams.

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