Prudential Financial has launched a new multi-manager fund, the Strategic Partners Mid Cap Value Fund. Harris Associates, advisors to the Oakmark Funds, and Mercury Advisors, part of Merrill Lynch Investment Managers, will each assume control of half of the fund's assets.

The fund is a new addition to Prudential's Strategic Partners line of mutual funds, an advisor-sold line that uses outside investment management selected by the firm's strategic investment research group. The group is comprised of 20 individuals who evaluate funds based on 10 different criteria.

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