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 fund’s third sub-advisor. Zurich Scudder Investments, Mastholm Asset Management and now Bernstein all manage approximately one-third of the fund’s $484 million in assets. Managers did not return calls by press time.

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