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Tuesday, February 03, 2004

Seligman Hires Subadvisor

by: Nicole Halsey

J. & W. Seligman & Co. Incorporated has hired Wellington Management Company as the new sub-advisor of several of its funds.

The funds are:

  • Seligman International Growth Fund

  • The Seligman Global Growth Fund,

  • the Seligman Global Smaller Companies Fund and

  • the Seligman Emerging Markets Fund

    Steve Hodgdon, president of Seligman Advisors, the distributor of the Seligman mutual funds said that the firm's decision to retain Wellington Management as a sub-advisor to the four international and global funds will enable Seligman to dedicate greater internal equity resources to various domestic asset classes and the technology sector.  

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