SEI Institutional Investments Trust hired Jennison Associates as a subadviser on SEI's core fixed-income fund and Income Research & Management as a subadviser on its long-duration fund, according to an SEC filing.
Jennison joins J.P. Morgan Asset Management, Metropolitan West Asset Management, Wells Capital Management and Western Asset Management as subadvisers of the core fixed-income fund. Income Research & Management joins Jennison and Metropolitan West as subadvisers of the long-duration fund.
SEI spokeswoman Dana Grosser said her company doesn't provide details about the size of the funds or the portion of each fund overseen by specific subadvisers.
Theresa Miller, a spokeswoman for Jennison parent Prudential Financial, declined to comment on client-related matters. An IR&M spokeswoman wasn't immediately available for comment.
