Navellier Management, which manages separately managed accounts and mutual funds, is merging two of its funds into a Touchstone Investments fund but will remain as subadvisor to the combined fund.

Navellier’s Millennium and Performance Large Cap Growth funds will become part of the Touchstone Large Cap Growth Fund. Navellier decided to partner with Touchstone to benefit from its distribution strength, Louis G. Navellier, CEO and president of the firm, said.

For its part, Touchstone said it is partnering with Navellier to benefit from the firm’s quantitative investment approach.

"By putting Navellier, and the investment approach that Louis Navellier has spent years perfecting, at the helm of the fund, our shareholders will gain access to the investment expertise of a premier institutional asset manager with an established track record," said Patrick Bannigan, president of Touchstone.

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