New England Funds is planning to launch a small-company stock portfolio to be overseen jointly by four outside investment managers.

Picking stocks for Star Small Cap Fund are Loomis, Sayles & Co., Montgomery Asset Management LP, Harris Associates LP, and Robertson Stephens & Co.

New England expects to open the fund Dec. 31. New England Funds is the family of mutual funds overseen by New England Investment Cos., Boston.

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