Turner Partners hired Clover Capital to manage four mutual funds: a $200 million Turner small-cap value equity fund; $50 million Turner midcap value equity fund; $10 million Turner large-cap value equity fund and $35 million Turner core-plus fixed-income fund, said Terrance Mulhern, principal at Clover.
Clover will manage no more than a total of $350 in Turner mutual funds, but, Mr. Mulhern said, the amounts in corresponding separate accounts will not be capped.
