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Sterling Capital Management slashes management fees for mutual funds

SterlingCapital Management LLC has cut the contractual investment advisoryfees on some of its mutual funds.

The company will charge a 0.55% contractual management fee forSterling Capital Equity Income Fund, a 0.65% fee for Sterling Capital SpecialOpportunities Fund and a 0.45% fee for Sterling Capital Behavioral Large CapValue Equity Fund, effective Sept. 29.

In addition, the company placed an expense cap of 75 basispoints through Jan. 31, 2018, on the Sterling Capital Behavioral InternationalEquity Fund.