American Express hired Gabelli Asset Management to subadvise its new...

American Express hired Gabelli Asset Management to subadvise its new AXP Partners Select Value Fund. Mario Gabelli will be the lead manager of the mutual fund, which will invest in value stocks in a wide capitalization range. American Express also hired Pilgrim Baxter and Wellington Management to subadvise the new AXP Partners Small Cap Core Fund. Jerome Heppelman of PBA and Kenneth Abrams of Wellington will be lead managers on the fund.