Touchstone Advisors has tapped a subadvisor for the newest fund in its line-up. The just-launched Diversified Small Cap Growth Fund is the newest addition to the Touchstone Funds, the firm's subadvised family of funds. Touchstone Advisors, which is owned by Western & Southern Financial Group, claims $9 billion in assets in its Touchstone Funds and Constellation Funds families.

Columbus, Ohio-based Fort Washington Investment Advisors will serve as the subadvisor for the Touchstone Small Cap Growth Fund, said Jim Grifo, president of Touchstone Investments. Like Touchstone Advisors, Fort Washington is a subsidiary of Western & Southern Financial.

He pointed to the asset manager's "careful analyses and thorough understanding of the complexities of the small cap sector" as some of the reasons for the hiring.

Richard R. Jandrain, III, a vice president and managing director at Fort Washington, will lead the portfolio management team for the fund, which will focus its investments on emerging growth companies with market capitalizations ranging between $400 million and $2.5 billion. The fund is benchmarked to the Russell 2000 Growth Index.

Fort Washington was founded in May of 1990 and claims more than $26.3 billion in assets under management. Western & Southern's second investment management subsidiary, Todd Investment Advisors, manages another $3.9 billion in assets. 

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