Frank Russell Company has hired Capital International and Fidelity Management & Research Company to manage portions of three of its multi-managed funds, the Tacoma, Wash.-based company announced today.
Capital International of Los Angeles will join nine other investment managers that manage Frank Russells International and International Securities Funds, which are offered to institutional and individual investors. Capital will manage international growth stocks for the funds. Year to date, Frank Russell has $1.9 billion in assets in its international funds, according to the company. Fidelity Management & Research of Boston was selected to join three other firms in managing Frank Russells Non-U.S. Fund, which is available only to retail investors. It currently holds $160 million in assets under management.