Citizens Advisers, the investment adviser to Citizens Funds, said Wednesday that it had chosen Toronto-based McLean Budden to subadvise Citizens Global Equity Fund.
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McLean Budden managed more than $23 billion of assets at June 30 for institutional clients in the United States, Canada, and Europe. Four portfolio managers and 14 research analysts from the Canadian firm are to team up on advising the fund. McLean Budden is to succeed State Street Global Advisors Fund Management Inc. as the fund's subadviser on Friday.
