Harbor Capital Advisors, the Toldeo, Ohio-based manager of the Harbor Funds, has changed the sub-advisor on its Harbor International Growth Fund, according to documents filed with the Securities and Exchange Commission last Friday.

Effective Dec. 1, Mastholm Asset Management replaces Jennison Associates as the fund’s sub-adviser. The reason for the change is poor performance, said Jim Williams, president of Harbor Capital. The $595 million International Growth Fund had a return of –25.5% in 2000 and is down 38.4% so far this year, according to Morningstar.

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