NEI Investments announce has received security holder approval to change the fund objectives on the Northwest Specialty Innovations Fund and Northwest Specialty Innovations Corporate Class, the asset management firm said Wednesday.

The changes were approved by a majority of votes cast at a meeting held May 29.

Currently closed to new purchases, NEI intends to reopen the funds in July 2012 with OtterWood Capital Management Inc. as sub advisor. The funds will also be renamed Northwest Macro Canadian Equity Fund and Northwest Macro Canadian Equity Corporate Class.