RECOVERING PERFORMANCE: Troubled Zak teams up with Eagle; Gets asset management, marketing help following death of CIO.

Pensions & Investments, June, 2001 by Burr, Barry B.

MINNEAPOLIS - After a year of client losses over performance and the death this month of its chief investment officer, Zak Capital Inc. enlisted another money manager for help. The midcap growth equity manager this month entered into an unusual contractual relationship with Eagle Asset Management Inc., St.

Petersburg, Fla., for assistance in managing assets, following the death of CIO Suzanne Zak. Ms. Zak died June 3 of cancer; she was 41. Under the terms, Zak will obtain from Eagle the services of Todd L. McCallister, an Eagle senior portfolio manager, to help manage Zak's $682 million under management. Mr. McCallister essentially will take over Ms. Zak's role, while keeping his duties at Eagle. He will oversee the third of the portfolio Ms. Zak had...

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