Three Merrill Lynch portfolio managers working in the firm's Los Angeles office have resigned, a company spokesperson said last week.

Sarah Ketterer, Harry Hartford and James Doyle manage the Mercury HW International Value Fund, which is one of ten funds Merrill Lynch of New York picked up in its 1996 acquisition of Hotchkis & Wiley of Los Angeles. Last year, the funds were rebranded under the Mercury brand.

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