SEI Investments hired Artisan Partners and Sawgrass Asset Management...

SEI Investments hired Artisan Partners and Sawgrass Asset Management as new small-cap equity managers for its manager-of-managers program, said Peter Young, the senior investment analyst in charge of the $1.2 billion in manager-of-manager small-cap investments, of which $350 million is tax-exempt. The subadvisers’ allocations haven’t been determined, but both will manage institutional accounts. Artisan replaces 1838 Investment Advisors, which was terminated. Sawgrass is an additional manager, bringing the total to 11.