The Boston Company Asset Management, a unit of Mellon Financial, and JPMorgan Investment Advisors won subadvisory contracts for the American AAdvantage Funds and the First American Funds, respectively.

AMR Investment Management, the advisor to the American AAdvantage funds, awarded portions of two funds to the Boston Company. The Boston Company becomes the fourth subadvisor to the $1 billion AAdvantage Small Cap Value Fund, currently subadvised by Barrow, Hanley, Mewhinney & Strauss (26.8 percent), Brandywine Asset Management (45.7 percent), LLC and Hotchkis & Wiley Capital Management, (27.5 percent).

The Boston Company also becomes the fourth subadvisor to the $1.5 billion American AAdvantage International Equity Fund, subadvised by Causeway Capital Management (36 percent), Templeton Investment Counsel (32.6 percent), and Lazard Asset Management (31.4 percent).

A spokesperson for AMR Investment Management, the advisor to the American AAdvantage Funds, did not immediately return a call seeking comment.

AMR attributed to the decision to add another subadvisor to the "tremendous growth" of the funds.

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On September 16, the board of directors of the First American Funds voted to replace Clay Finlay, the subadvisor to the First American International Fund, with JPMorgan. The First American International Fund is advised by U.S. Bancorp Asset Management and had $1.3 billion in assets at the end of the second quarter.

A U.S. Bancorp spokesperson did not return a call before deadline.

The change will be final if shareholders approve the measure in a vote set currently for December 7. 

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