MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 29, 2012 Thrivent Adds a Sub-Advisor to a $700MM Fund Thrivent [profile] has hired DuPont Capital Management as a sub-advisor for the Thrivent Partner Worldwide Allocation Fund. DuPont will co-manage the emerging markets equity portion of the fund along with Aberdeen Asset Managers Limited. [SEC Filings: 1 and 2]. As of March 31, the fund held just under $700 million in AUM. Rafi Zamman is DuPont's PM for this portion of the portfolio. He oversees all of DuPont's international equities. This contract brings the total number of sub-advisors on this fund to six. Principal Global Investors, Mercator Asset Management, Aberdeen Asset Managers Limited, Victory Capital ManagementMGoldman Sachs Asset Management each manage a different sector of the fund's international portfolio, while Thrivent handles the U.S. investments. Thrivent Investment Management is a subsidiary of Thrivent Financial for Lutherans, a non-profit religious organization, with approximately $73.1 under management. DuPont Capital Management operates from Wilmington, Delaware, and held a total of $25.9 billion as of the end of 2011. Printed from: MFWire.com/story.asp?s=40487 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |