Weekly Web Roundup
March 18, 2002
MFMarketnews.com is keeping abreast of the industry's latest developments with postings twice a day. If you didn't log on last week, here are some Web exclusives you missed:
* Zurich Financial Services has decided to move the retail headquarters of Zurich Scudder Investments to Chicago. The firm currently has 900 people in its Boston offices, with between 500 and 600 working in the retail business. Spokeswoman Laura Trumble said the firm is unable to confirm the number of employees that will be affected, but said, "We're not bailing out of the Boston office; we will absolutely have a Boston presence."
* One day after The Managers Funds switched sub-advisors on its international equity fund, another sub-advisor change went into effect. Loomis, Sayles & Co. has now replaced Rogge Global Partners as sub-advisor of the firm's global bond fund.
* In an effort to more effectively market its products, Brown Brothers Harriman has changed the name of its 59 Wall Street Funds to the BBH Funds. The change, which was implemented late last month, affects 11 funds, including four equity funds and two fixed-income products.