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Managers International Equity Goes for Growth

Former American Century managers to add growth-oriented fare to this value-tilted portfolio.

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Branching out from its value roots, Managers International Equity (MGITX) will add a growth advisor in time for spring.

Ted Tyson, Joseph Jordan, and Douglas Allen--all of Mastholm Asset Management, which doesn't offer its own mutual funds--will join Scudder Kemper's Willy Holzer and Lazard's John Reinsberg in steering this portfolio on March 27. However, the portfolio managers will continue to operate independently of each other. While Mastholm's share of the fund will gradually move to one third of assets over the next three quarters or so, the new advisor will start with $25 million to $30 million, or about 5% of assets.

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Bridget B. Hughes does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.