R. Meeder & Associates hired Sector Capital Management as subadviser of the renamed and redesigned Flex-Funds Highlander Fund. The fund was formerly called the Flex-Funds Growth Fund and was internally managed as a defensive asset allocation fund. Sector Capital is now using its proprietary sector investment style to manage the fund as a growth equity vehicle.
Sector Capital uses eight external managers to manage 10 sectors. The current managers are Mitchell Group, Dreman Value Advisors, Ashland Management, Miller/Howard Investments, Hallmark Capital, RCM and Barrow, Hanley, Mewhinney & Strauss. Alliance Capital will be added in April.