] just awarded a brand new sub-advisory mandate to a firm within the family. Today the Boston-based Ameriprise
subsidiary revealed that it will add another Ameriprise firm, London-based Threadneedle
, as the second sub-advisor for the Columbia Multi-Advisor International Equity Fund
], even as the fund swallows two siblings.
could not immediately reach a Columbia spokesperson for comment on the move.
Threadneedle is slated to start PMing the European growth equity portion of the portfolio on April 11, only three days after Columbia merges its International Growth Fund
and International Stock Fund
into the Multi-Advisor International Equity Fund. Marsico
will continue to serve as a sub-advisor to Multi-Advisor International Equity.
Threadneedle's pan-European equities team leader, Dan Ison
, will join Marscio's James Gendelman and Columbia's Fred Copper and Colin Moore (chief investment officer) as co-PM of the Multi-Advisor International Equity Fund.
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