Denver, CO-based Transamerica Asset Management is making a sub-advisory switch for its Transamerica Partners Mid Growth Portfolio.
On June 30, 2013, the firm will terminate its investment sub-advisory agreement with Stamford, CT-based Columbus Circle Investors with respect to the Mid Growth Portfolio, the underlying master fund in which all of the assets of Transamerica Partners Mid Growth (DVGMX) and Transamerica Partners Institutional Mid Growth (DIMGX) are invested, and will enter into a new investment sub-advisory agreement with Corte Madera, CA-based Quantum Capital Management.
The funds bet on stocks of medium sized companies that are included in the Russell Midcap Growth Index.
TAM managed more than $52.6 billion in assets as of September 30, 2012. It is wholly owned by AEGON N.V., an international life insurance, pension and asset management company.