Wilmington Funds [profile] has switched one of the sub-advisors for the Wilmington Multi-Manager Alternatives Fund for an in-house team.

The fund firm has ended the fund's sub-advisory relationship with Rock Maple, according to this SEC filing and this one as well.

Instead, Wilmington Trust Investment Advisors, Inc. will take over responsibility for managing that sleeve of the fund. The fund also features the following remaining external sub-advisors: Acuity Capital Management; ADAR Investment Management; Calypso Capital Management; TIG Advisors; Madison Street Partners and Parametric Risk Advisers.

MFWire first covered the news Friday in its Stork & Reaper section.

The fund, launched last April, has seen a bit of advisor and PM turnover this summer.

In June, the fund said goodbye one subadvisor and saw the departure of a PM at another, while earlier in August, a PM left the fund. 

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