Diversified Investment Advisors, Purchase, N.Y., hired two subadvisers...

Diversified Investment Advisors, Purchase, N.Y., hired two subadvisers to manage new institutional mutual funds. Ark Asset Management will subadvise the Equity Value Fund, which invests in large-cap stocks selling at reasonable prices relative to earnings. McKinley Capital Management will manage the Aggressive Equity Fund, consisting primarily of common stocks of U.S. companies with market caps between $750 million and $2.5 billion