Equitable Life Assurance Society hired Franklin Advisers to replace RS Investment Management as a subadviser on its $27 million AXA Premier Small/Mid Cap Growth Fund, according to an SEC filing. Alliance Capital Management and Provident Investment Counsel remain subadvisers on the fund.
Equitable also hired Marsico Capital Management as a subadviser on the AXA Premier International Equity Fund, replacing OppenheimerFunds, according to an SEC filing. Alliance and Bank of Ireland Asset Management remain subadvisers on the $34 million mutual fund.
Ana Sandoval, a spokeswoman for Equitable, confirmed the changes, but declined to give reasons for the manager change.
