Fundvantage's Pemberwick Fund may allocate all assets to JPMorgan

By Toni Weeks

San Diego, April 9 - Fundvantage Trust has modified the investment strategy for its Pemberwick Fund so that it will now allow the fund's investment adviser to allocate up to 100% of the fund's assets to its subadviser, according to a 497 filing with the Securities and Exchange Commission.

Previously, the adviser allocated 15% to 35% of the fund's assets to the subadviser, J.P. Morgan Investment Management Inc.

Greenwich, Conn.-based Pemberwick Investment Advisors LLC is the investment adviser.

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