SEI is reportedly making a number of changes to its subadvisor lineup. The Oaks, Pennsylvania-based fund advisor has tapped Neuberger Berman Management for its subadvisor group, according to PIOnline. It also dropped Montag & Caldwell from the group.

SEI has not issued a statement on why the changes were made at this time.

The manager-of-managers also made a number of shifts to the line-up of subadvisors on its small cap fund. It added AQR Capital Management and dropped BlackRock Capital Management, Integrity Asset Management, Martingale Asset Management, McKinley Capital Management and PanAgora Asset Management from the mandate.

On its Real Return fund, SEI tapped Wellington Management and dropped Deutsche Investment Management Americas, according to the report. 

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