American Skandia Investment Services has reinstated Fred Alger Management as subadvisor of two of its funds, the company announced today. The firm also announced subadvisor changes for four other funds.

Following the terrorist attacks, American Skandia named MFS Investment Management interim subadvisor for the AST All-Cap Growth Portfolio of American Skandia Trust and ASAF All-Cap Growth Fund of American Skandia Advisor Funds ( MFMN 9/17/01). Fred Alger Management lost 38 employees and its offices on Sept. 11, and less than a week later American Skandia temporarily replaced the money manager.

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