CDC Nvest Funds hired Mercury Advisors to manage $350 million of the CDC Nvest Star Advisors Fund. Lawrence R. Fuller, senior portfolio manager at Mercury Advisors, will assume management of the $1 billion fund July 1. The large-cap growth fund is managed in four segments by teams from three money managers; in addition to Mercury, Oakmark/Harris and Loomis Sayles manage portions of the mutual fund.
Mercury replaces Kobrick Funds, which was terminated because its lead portfolio manager for the large-cap growth strategy left several months ago and the interim manager has a small-cap focus, said Larry Dwyer, spokesman for CDC Nvest.
