The Managers Funds has selected Bernstein Investment Research and Management as a sub-advisor to its international equity fund, Managers announced today. The agreement is effective as of today.
Bernstein replaces Lazard Asset Management as the funds third sub-advisor. Zurich Scudder Investments, Mastholm Asset Management and now Bernstein all manage approximately one-third of the funds $484 million in assets. Managers did not return calls by press time.