- Virtus Investment Partners Announces Agreement to Incorporate AlphaSimplex Group as Affiliate Manager
Leading manager of liquid alternative strategies
HARTFORD, Conn., Oct. 22, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, announced today that it has entered into an agreement to acquire AlphaSimplex Group, LLC, a leading manager of liquid alternative investment solutions with $10.9 billion1 of assets under management, from Natixis Investment Managers.
AlphaSimplex is a leading provider of systematic alternative investment solutions for institutional and individual clients. Its offerings are designed to adapt to changing market dynamics and provide the potential for positive, uncorrelated investment returns even in the most difficult market periods. Among its strategies is its flagship, trend-following managed futures strategy offered through the $3.5 billion 5-Star Morningstar Rated™ Fund2 link (ASFYX), which is the third-largest mutual fund largest in the United States in its category.
"AlphaSimplex brings a distinctive alternative investment capability that complements our broad offering of traditional and liquid alternative strategies," said George R. Aylward, Chairman and CEO of Virtus. "This deal allows us to partner with an innovative asset manager that offers its clients differentiated investment strategies that have delivered strong, uncorrelated returns throughout market cycles." CEO Duncan B.E. Wilkinson, Chief Investment Officer and Portfolio Manager Alexander D. Healy, Research Strategist and Portfolio Manager Kathryn M. Kaminski, and their team have built a high-quality, client-focused business, and we welcome the opportunity to add AlphaSimplex as an affiliate manager".
"We are excited to begin this next chapter in our story and look forward to continuing to deliver positive results for our clients as part of Virtus, another organization that shares our commitment to long-term success for investors," said Wilkinson. "Our strong growth and performance are a testament to our team and process, and to the important role that alternatives like managed futures can play in a diversified portfolio, as the current market environment clearly demonstrates."
As a boutique affiliate of Virtus, AlphaSimplex will maintain autonomy over its investment processes, brand and culture, with no change in investment strategies, management or investment teams, ensuring continuity for its clients and distribution partners. . AlphaSimplex will benefit from Virtus' strong retail and institutional marketing and distribution capabilities to expand its presence in the US retail, institutional and sub-advisory channels, as well as non-US markets, the shared business support services model and product development capabilities.
Virtus will acquire 100% of AlphaSimplex from Natixis Investment Managers and will seek to adopt the two US investment funds and, subject to regulatory approval, a Luxembourg domiciled UCITS fund, which are managed by AlphaSimplex. Terms of the transaction were not disclosed. Virtus expects to finance the transaction with existing financial resources. The transaction is expected to close near the end of the first quarter of 2023, subject to customary closing conditions, necessary regulatory approvals, and fund board and shareholder approvals.
Piper Sandler
About Alpha Simplex Group
AlphaSimplex Group is a registered investment advisor looking to expand the way the world invests with the power of diversification. We specialize in research and analysis of the markets and their behavior, including volatility and risk. The firm develops systematic investment strategies that are designed to adapt to changing market dynamics, primarily using liquid and forward futures contracts. Our purpose is to achieve investment success and positive impact for clients and colleagues by embracing a thoughtful culture of innovation, collaboration and excellence.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive association of boutique investment managers uniquely committed to the long-term success of individual and institutional investors. We offer investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as selected sub-advisers. Investment solutions are available in multiple disciplines and product types, to meet a wide range of investor needs. You can learn more about our company, investment partners and strategies at virtus.com.
About Natixis Investment Managers
Natixis Investment Managers' multi-affiliate approach connects clients with the independent thinking and experience of over 20 active managers. Natixis Investment Managers, which is among the largest asset managers in the world3 with more than 1.2 trillion dollars (1.1 trillion euros) of assets under management4, offers a wide range of solutions in all asset classes, styles and vehicles, including innovative environmental, social and governance (ESG) strategies and products dedicated to promoting sustainable finance. The firm partners with clients to understand their unique needs and provide investment ideas and solutions tailored to their long-term goals. Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, France's second largest banking group through the Banque Populaire and Caisse d'Epargne retail networks. For more information, visit the Natixis Investment Managers website at im.natixis.com.
Before investing, consider the fund's investment objectives, risks, fees and expenses. Visit im.natixis.com or call 800-225-5478 for a brochure or summary brochure with this and other information. Please read it carefully.
Investing in mutual funds involves risk. Principal loss is possible. Futures and forward contracts may involve a high degree of risk and may result in potentially unlimited losses. Depending on the performance of an underlying asset, they can be highly volatile and are subject to market, credit and counterparty risks.
Morningstar Information
Morningstar Rating: Systematic Trend - Class Y (as of September 30, 2022)Overall rating derived from weighted average of 3-, 5-, and 10-year Morningstar rating metrics (if applicable); other ratings based on risk-adjusted returns.Overall out of 73 funds *****Three years out of 73 funds *****Five years out of 64 funds *****Ten years out of 33 funds *****
For each fund with at least three years of history, Morningstar calculates a Morningstar Rating™ used to rank the fund against other funds in the same category. It is calculated based on Morningstar's risk-adjusted return measure that takes into account the change in a fund's monthly excess return, without any adjustment for charges (upfront, deferred or redemption fees), with more emphasis on downward variations and rewarding constant profitability. ETFs and open-ended investment funds are considered a single population for comparison purposes. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star ( each class of shares is counted as a fraction of a fund within this scale and is rated separately, which may cause slight variations in distribution percentages). Past performance is no guarantee of future results. ©2022 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not guaranteed to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses that may arise from the use of this information.
The link is distributed by Natixis Distribution, LLC, a limited-purpose broker-dealer and distributor to various registered investment companies to which affiliates of Natixis Investment Managers provide advisory services. Natixis Distribution, LLC is located at 888 Boylston Street, Suite 800, Boston, MA 02199-8197. Member FINRA, SIPC. 800-225-5478 im.natixis.com.
forward-looking information
This press release contains statements that are, or may be considered, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements can be identified with forward-looking terms such as "expect", "estimate", "intend", "plan", "intend", "believe", "anticipate", "may", "should", "could", " continue", "project", "opportunity", "predict", "would", "potential", "future", "forecast", "guarantee", "assume", "likely", "target" or similar statements or variations of these terms.
Our forward-looking statements are based on a number of expectations, assumptions and projections about the company and the markets in which we operate, are not guarantees of future results or performance, and involve significant risks and uncertainties, including assumptions and projections regarding our assets. assets under management, net inflows and outflows of assets, operating cash flows, business plans and borrowing capacity, for all future periods. All of our forward-looking statements speak only as of the date of this presentation. The company cannot guarantee that such expectations or forward-looking statements are correct. Actual results may differ materially.
Our business and our forward-looking statements involve significant known and unknown risks and uncertainties, including those discussed in the "Risk Factors" and "Management's Analysis of Financial Condition and Results of Operations" sections of our Report. 2021 Annual Report on Form 10-K, supplemented by our periodic filings with the Securities and Exchange Commission (the "SEC"), as well as the following risks and uncertainties arising from (i) any reduction in our assets under management; (ii) general economic, political and pandemic conditions, both national and global; (iii) the inability to achieve the expected benefits of our strategic transactions; (iv) the current effects of the COVID-19 pandemic and the associated global economic disruption; (v) withdrawal, renegotiation or termination of investment advice agreements; (vi) damage to our reputation; (vii) failure to meet financial covenants and payments related to our indebtedness; (viii) inability to attract and retain key personnel; (ix) challenges arising from the competition that we face in our business; (x) adverse events related to unaffiliated sub-advisors; (xi) negative changes in key distribution relationships; (xii) interruptions or failures in the provision of critical technology services by us or by third parties; (xiii) risk of loss on our investments; (xiv) lack of sufficient capital in satisfactory conditions; (xv) adverse regulatory and legal developments; (xvi) failure to comply with investment guidelines or other contractual requirements; (xvii) civil litigation and adverse government investigations or proceedings; (xviii) unfavorable changes in laws or tax limitations; (xix) the volatility associated with our common shares; (xx) the impossibility of distributing quarterly dividends in ordinary shares; (xxi) certain corporate governance provisions in our charter and bylaws; (xxii) losses or costs not covered by insurance; (xxiii) impairment of goodwill or intangible assets; and other risks and uncertainties. The appearance or adverse change of one or more of the risk factors or risks and uncertainties mentioned above in our 2021 Annual Report on Form 10-K and in our other periodic reports filed with the SEC could materially affect and adverse to our operations, financial results, cash flows, prospects and liquidity.
Certain other factors that may affect our continuing operations, prospects, financial results, and liquidity, or that may cause actual results to differ from such forward-looking statements, are discussed or included in the company's periodic reports filed with the SEC and that they are available on our website at www.virtus.com under "Investor Relations." We recommend that you carefully consider all of these factors.
The company does not undertake or intend to update or revise such forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or any other circumstances that occur after the date of this release. even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If any future public statements or disclosures are made by us that modify or affect any forward-looking statements contained in or accompanying this release, such statements or disclosures will be deemed to modify or supersede the statements in this release.
1 As of September 30, 2022. Assets Under Management (AUM) includes the trade size (equity) of accounts managed separately by AlphaSimplex (other than overlay accounts) for which the client has elected to fund equity. the strategy partially. This measure of AUM does not correspond to statutory AUM.2 Overall rating derived from weighted average of 3-, 5-, and 10-year Morningstar rating metrics (if applicable); other ratings based on risk-adjusted returns.3 Cerulli Quantitative Update: Global Markets 2022 ranked Natixis Investment Managers the 18th largest asset manager in the world based on assets under management as of December 31, 2021.4 Assets under management (" AUM") of the current affiliated entities measured as of June 30, 2022 are 1.2 billion dollars (1.1 billion euros). AUM, as reported, may include notional assets, serviced assets, gross assets, assets of affiliated minority-owned entities and other types of unregulated AUM managed or serviced by companies affiliated with Natixis Investment Managers. .
logo - link
View original content: enlace
