North American Funds Names New Sub-Advisor
North American Funds of Boston, has named Global Alliance Value Investors as the sub-advisor for its North American Equity Income Fund. Global Alliance will assume all investment management responsibilities for the fund.
T. Rowe Price was previously the sub-advisor on the fund. Brad Gallagher, the president of CypressTree Investments, the adviser and distributor of North American Funds, declined to say why the company dismissed T. Rowe Price.