ALPS Advisors has adopted the $75 million Activa Value Fund from Activa Asset Management. Wellington Management, however, will continue to sub-advise the fund, and Mammen Chally will continue as portfolio manager.

“Our mission at ALPS is to fill niche investment segments with distinctive solutions, and I can’t imagine a more ideal fit to that strategy than Wellington Management’s ‘value intersection’ approach,” said Corey Dillon, vice president and director of institutional advisory services at ALPS. “Having a top-notch manager like Wellington running such an important investment space gives us an impressive edge in the marketplace.”

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