Phoenix, Duff & Phelps renamed its mid-cap mutual fund and appointed a manager for it.
The Hartford-based investment firm, which has $34.3 billion under management, on Monday appointed Michael Considine as portfolio manager of its Phoenix Mid Cap Portfolio.
He succeeds John Wilson, who left for State Street Research, a Boston- based subsidiary of Metropolitan Life Insurance Co.
The mid-cap fund, which has $497 million under management, was previously known as Phoenix Capital Appreciation Portfolio.
Mr. Considine had been working on Phoenix's small-cap portfolio for eight months with chief investment officer William Newman. He joined the firm in 1994 as an equity analyst.
Phoenix has $9 billion in mutual fund assets under management and is beefing up its marketing through banks. It's been on a hiring spree, recently appointing Alan D. Kessler to vice president, retail sales in the Middle Atlantic region.