Mercer Funds [profile] has signed up a new transfer agent for two share classes of eight of its mutual funds. The asset manager, formerly known as MGI Funds, is leaving BNY Mellon in favor of State Street. [SEC filing here; full prospectus here.]

The same filing notes that William Blair and Lazard are being dropped as subadvisors on the Mercer Non-U.S. Core Equity Fund. The net AUM for this fund was slightly under $1.9 million as of March 31, 2012, according to the fund family's annual report.

Mercer did not respond to MFWire's requests for comment.

The eight mutual funds for which State Street is now transfer agent (for the Y and S share classes) are US Large Cap Growth, US Large Cap Value, US Small/Mid Cap Growth, US Small/Mid Cap Value, Non-Us Core Equity, Emerging Markets Equity, Core Opportunistic Fixed Income and US Short Maturity Fixed Income. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE