BNY Mellon portfolio manager Luis Rhi has left the firm just one month after being added to the $510.1 million BNY Mellon Focused Equity Opportunities fund.
Rhi has been with the firm for almost 20 years and has left to relocate to Texas.
Irene O’Neill, who has been with the fund since 2009, will continue as sole manager.
Rhi was only appointed to the fund last month and in that time it took in roughly $14 million in assets.
The fund's performance has been respectable - it is ranked 49 out of 187 Large-Cap Core funds tracked by Citywire for three-year total returns to the end of September. Over that period it returned 33.6%, beating the average Large-Cap Core fund's 28.8%.
SEI calls up Colchester
SEI has added a subadvisor to the $457.7 million SEI International Fixed Income Fund.
Colchester Global Investors has joined Wellington Management Company and Alliance Bernstein as a subadvisor on the fund, according to a Securities and Exchange Commission (SEC) filing.
Managers Ian Sims and Keith Lloyd of Colchester have been appointed to the fund.
Mark Sullivan manages Wellington’s sleeve of the fund while Citywire + rated Douglas Peebles, John Taylor, Jorgen Kjaersgaard in addition to Daniel Loughney, Scott DiMaggio, and Nicholas Sanders manage Alliance Bernstein’s portion.
The fund is one of the best in its group, ranking eighth out of 26 International Income funds tracked by Citywire for three-year total returns to the end of September. Over that time it returned 8.4%, compared to the 4.7% gain for the average International Income fund.
Goldman drops YG from alts fund
Goldman Sachs Asset Management has taken YG Partners off the roster of subadvisors on the Goldman Sachs Multi-Manager Alternatives fund, according to an SEC filing.
According to a YG Partners spokeswoman, the firm will no longer subadvise the fund because its portfolio manager, Jason Young, has decided to take a job with another shop.
The fund has 14 other subadvisors including Ares Capital Management, Russell Investments and Wellington Management.
It is overseen in-house by Ryan Roderick, Betsy Gorton, and Kent Clark.
The fund is ranked fourth out of five Liquid Alternatives Funds of Funds tracked by for three-year returns to the end of September. Over that time, it returned 0.6%, compared to the category average, which was up 3.8%.