So he began looking for an outside manager to take charge of the finances.

It may pay to consider whether the international offering is run, or subadvised, by an outside manager.

"There's no evidence we've seen that states with outside managers have done any better."

That sales-driven philosophy is behind the growing number of companies using outside managers to run their funds.

The use of outside managers has a variety of forms.

All told, the Philadelphia panel voted to assign an outside manager to one of every six schools in the city.

He is trying to regain control of the first buildings Sebco developed from their outside manager.

"But it would help if they brought in a strong outside manager."

The board has a short-list of about six candidates, all outside professional managers.

He learned how to choose good outside managers without losing the company to them.