Conseco Capital Management of Carmel, Ind. is seeking to outsource the management of its funds to sub-advisers rather than replace portfolio managers it lost to other companies last year, according to a preliminary proxy statement filed with the Securities and Exchange Commission.

In October, the firm lost its chief investment officer and three portfolio managers to Strong Capital Management of Menomonee Falls, Wis. That followed the en masse departure of the company's bond department in July.

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