SEI spokeswoman Dana Grosser couldn't be reached for further details. William Vogel, president and CEO of Montag & Caldwell, declined to comment.
In other changes, SEI added AQR Capital Management as a subadviser of its small-cap fund while dropping BlackRock Capital Management, Integrity Asset Management, Martingale Asset Management, McKinley Capital Management and PanAgora Asset Management.
SEI dropped BlackRock Capital Management and Martingale Asset Management as subadvisers of its small/midcap equity fund; added Jennison Associates as a subadviser of its long-duration fund, and dropped Deutsche Investment Management Americas as a subadviser of its real-return fund while adding Wellington Management.
Executives at Martingale and Integrity noted that their firms continue to subadvise other SEI funds. Spokesmen at BlackRock and Deutsche Investment Management declined to comment. A PanAgora spokesman couldn't immediately be reached for comment.