NASL Financial Services, Boston, hired four subadvisers, terminated two firms and reduced the mandates of two others.
Morgan Stanley Asset Management replaces Oechsle International for $677 million in global equity portfolios. Oechsle still manages two global government bond portfolios. T. Rowe Price replaces Goldman Sachs as subadviser of $540 million in value equity portfolios and Roger Engemann Management as manager of $388.5 million in growth portfolios. Founders Asset Management replaced Goldman Sachs as subadviser of a $100 million asset allocation portfolio.
Manufacturers Adviser, an NASL affiliate, replaces Wellington Management as subadviser of $342 million in money market portfolios. Wellington still runs investment-grade bond and growth and income portfolios