SunAmerica Launches Team-Managed Funds

Los Angeles-based SunAmerica Inc.’s money-management group is launching four mutual funds that are jointly managed by a team of portfolio managers from different firms. SunAmerica Asset Management Corp. said its aggressive-growth fund, for instance, will be overseen by a team of managers from Janus Capital Corp., SunAmerica and Warburg, Pincus Counsellors Inc. The other SunAmerica funds will focus on investing in mid-cap growth stocks, value stocks and international stocks. Each of the portfolio’s advisors will manage a third of the cash flow and SunAmerica Asset Management will be responsible for monitoring performance. The goal is to create a fund series that offers choices in every core investment style and asset class, the company said.