RidgeWorth Investments hired WCM Investment Management as subadviser of the $24 million RidgeWorth International Equity Fund, said Jim Stueve, RidgeWorth’s president and global head of sales and marketing.
WCM became subadviser on Tuesday and replaced Certium Asset Management, which is one of five boutique money managers that holding company RidgeWorth owns. Mr. Stueve said the change was due to the decision to bring in a non-affiliated subadviser.
WCM will manage the fund using the philosophy and process of its WCM Focused International Growth strategy. “This proven approach focuses on industry-leading, non-U.S. organizations led by visionary management teams with sound business strategies that are poised to dominate their industry into the future,” a news release said.
RidgeWorth’s money managers have $42.5 billion in assets under management.
