A mutual fund subadvisor is a money manager hired by the fund’s advisor
to manage an investment portfolio on a day-to-day basis. This approach differs
from that of many mutual fund families, who manage funds using only in-house
personnel. At Wells Fargo Advantage Funds, we utilize subadvisor relationships
because they greatly expand the pool of potential managers while giving us the
flexibility and freedom to hire firms with special investment capabilities,
proven track records, or both. Our investors can benefit by gaining access to
money managers who typically focus almost exclusively on large, institutional
While some of our managers represent large,
multi-product organizations, the majority of our subadvisors are small,
independent firms that focus on a core skill. Individualistic and agile,
these boutique organizations tend to be guided by a small number of talented
people who have worked together for a number of years.
We screen each subadvisor for measurable characteristics, like team stability, process and style consistency, portfolio risk profiles, and performance. We also draw on our long experience to make more qualitative but equally important assessments of an organization’s business and management skills, leadership abilities, and judgment.
To find out more information about a specific
subadvisor, select a subadvisor from the pull down below. You’ll view a
biography of the subadvisor and also see what funds they manage.