Toronto-based NEI Investments, a division of Northwest and Ethical Investments LP, has made portfolio manager changes to four funds, which includes bringing the management of two of those funds in-house.

NEI will take over portfolio management duties for NEI Ethical American Multi-Strategy Fund and has appointed Toronto-based AllianceBernstein Canada, Inc. to act as subadvisor for the fund.

NEI Investments will also manage NEI Ethical Global Dividend Fund and has appointed Montreal-based Amundi Canada Inc. and its parent company, Paris-based Amundi Asset Management, to subadvise the fund.

London, U.K.-based Hermes Investment Management Ltd. has been named portfolio manager of NEI Ethical Global Equity Fund.

Lastly, Des Moines, Iowa-based Principal Global Investors LLC will take over subadvisory duties for NEI Northwest Global Equity Fund, the underlying fund of NEI Northwest Global Equity Corporate Class.

There will be corresponding changes to the investment strategies of the impacted funds but there will not be any changes to the fundamental investment objectives of these funds, NEI’s announcement states.

“Global markets are evolving rapidly, so we feel quite fortunate to be partnering with these established firms — all of whom we believe have the right combination of regional expertise and resources to uncover opportunities and manage through different market cycles,” says Daniel Solomon, chief investment officer with NEI, in a statement.

The changes are in effect on or about Aug. 30.

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