The Board of Trustees of the Northern Multi-Manager Funds last month approved the termination of Marsico Capital Management as a sub-adviser to the Multi-Manager Large Cap Fund (NMMLX, effective Sept. 12, and the appointment of WestEnd Advisors to sub-advise a portion of the Large Cap Fund, effective Sept. 24, according to a filing.

The fund managed $999 million as of Sept. 27.

The fund’s Board also terminated of Stone Harbor Investment Partners as a sub-adviser to the Multi-Manager High Yield Opportunity Fund (NMHYX), effective Sept. 20, and the appointment of DDJ Capital Management to sub-advise a portion of the High Yield Opportunity Fund, effective Sept. 25. According to Morningstar, the fund has approximately $825 million in assets.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.