Frank Russell Co. hired Fidelity Management Trust to subadvise $33...

Frank Russell Co. hired Fidelity Management Trust to subadvise $33 million in international growth equities for the $160 million Russell Insurance Fund and US$67 million for Frank Russell Canada’s manager-of-managers program. Fidelity was hired for its focus on security selection, said Steve Claiborne, Frank Russell spokesman; he declined to comment on which manager Fidelity replaced.