Columbia Management has hired the TCW Group to sub-advise one portion of a newly-launched multi-manager bond fund, Columbia Active Portfolios Multi-Manager Core Plus Bond Fund (CMCPX).

Launched on April 20, the Multi-Manager Core Plus Bond Fund allocates assets among different assets managers that apply multiple investments styles to bonds and other debt securities. Columbia and each of the fund’s sub-advisers will provide day-to-day management over a portion, or sleeve, of the fund.

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.