First American Funds has two new sub-advisors for its
International Fund.
Altrinsic Global Advisors and
Hansberger Global Investors will be taking over management of the fund from
J.P. Morgan Investment Management, according to an
SEC filing. The move will be voted on by shareholders September 18.
The International fund's board of directors also recommended that the fund's shareholders approve a "manager-of-managers" structure for the fund. This will allow First American to "engage sub-advisors and materially amend sub-advisory agreements" with approval from the board of directors only. 
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