Warburg Pincus of New York is asking shareholders of one of its funds to approve plans to fire BlackRock Investment Management, also of New York, as a sub-adviser to the Warburg Pincus Cash Reserve Fund, according to a proxy statement filed earlier this month with the Securities and Exchange Commission.

The proxy suggests that BlackRock is being fired because the fund's other sub-adviser, Credit Suisse Asset Management LLC, achieved better results.

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