As of June 22nd, San-Francisco based Passport Capital no longer serves as a subadvisor for American Century's Alternative Long Short Investment Fund.

An executive at Passport Capital declined to comment.

Passport Capital was one of five subadvisors on the alt long short fund, managing a 10 percent sleeve of the fund since May 2016. The 10 percent has been re-allocated to the remaining four subadvisors, Columbia Management, Sirios Capital Management, Three Bridges Capital, and Perella Weinberg Partners.

"From time to time, American Century reallocates and changes things around, analyzing the subadvisors that belong in the portfolio," Chris Doyle, VP of corporate public relations at American Century Investments tells MFWire.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE