Oct. 9, 2002 — State Street Research said it is eliminating six of its mutual funds, primarily because they lack assets or duplicate other offerings.
The company also said Eileen Leary, who has helped run the State Street Research:Mid Cap Growth Fund/A (SCFAX) for three years, became the lead portfolio manager this month. She succeeded Cathy Dudley, who has joined Evergreen Investments as a product manager, a State Street spokeswoman, Allison Riley, said.
Among the funds being eliminated, the State Street Research:Concentrated Intl/A (SICAX), and the State Street Research Concentrated Growth fund will be liquidated next month because they are too small to operate efficiently, Riley said. Each has only about $3.8 million in assets, she said.