SEI hired LMCG Investments as a subadviser of the $317 million SEI Catholic Values Equity Fund.
LMCG replaces Snow Capital Management as one of the fund's subadvisers, an SEI spokeswoman confirmed.
The change was made to reduce overall volatility in the fund "as Snow's strategy contributed significantly to volatility," she said. "The addition of LMCG's small-cap value strategy should provide us with the ability to better manage the fund's value exposure."
The other subadvisers of the fund are Brandywine Global Investment Management, Coho Partners, Copeland Capital Management, Fred Alger Management, Lazard Asset Management, Parametric Portfolio Associates and Wells Capital Management, recent SEC filings show.
The spokeswoman could not be immediately reached for asset size information.
