Multi-manager Intech has terminated a $103.6 million international equities mandate with Wellington International and a $118.4 million international equities mandate with William Blair Capital Partners.
The changes took place in December, but have only recently come to light.
Intech replaced the managers with a $104.4 million mandate with New York-based boutique growth manager Trilogy Global Advisers.
It has also shaken up its bond mandates recently.
In November it decided to drop its active Australian bond managers and replace them with a passive mandate, while at the same time adopting an active manager approach to its global fixed interest exposure.
It terminated its Australian active fixed interest mandates with BT Financial Group and Perennial Investment Partners, awarding index manager Vanguard Investments a passive Australian fixed interest mandate instead.
Intech also appointed global active managers Colchester Global Investors and Aberdeen Asset Management.
