A new Portland, Ore.-based investment shop has bagged its first sub-advisory mandate courtesy of its affiliate.

Robert Marvin, Brian Smoluch and David Swank, former portfolio managers of the small cap growth team at Roxbury Capital Management, earlier this year broke away and formed Hood River Capital Management. The trio last month picked up their first mandate: a subadvisory agreement to manage the formerly named Roxbury Small-Cap Growth Fund.

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