HARTFORD, Conn., Feb. 1, 2021 /PRNewswire/ -- Virtus
Investment Partners, Inc. (NASDAQ: VRTS) today announced the
completion of the actions necessary to finalize its previously
announced strategic partnership with Allianz Global Investors
(AllianzGI), and has received fund shareholder or client approvals
to become the investment adviser, distributor and/or administrator
of $29.3 billion1 in
assets under management and to provide services to an additional
$3.6 billion1 of other
fee-earning assets. The assets continue to be managed by AllianzGI,
as an unaffiliated subadviser, and NFJ Investment Group (NFJ), a
newly established Virtus affiliated manager.
The strategic partnership expands Virtus' investment offerings
for U.S. retail clients with the addition of 25 open-end mutual
funds, 7 closed-end funds, and retail separate accounts in value
equity, multi-asset, thematic equity, and alternative strategies as
well as a 529 plan offering and other multi-manager portfolio
solutions.
NFJ manages $8.2
billion1 in global value equity strategies in
open and closed-end mutual funds, separately managed accounts, and
institutional portfolios. Led by Chief Investment Officer
John R. Mowrey, the firm uses a
disciplined, value-oriented approach to bottom-up stock selection,
employing fundamental research integrated with data analytics to
identify stocks that represent compelling valuations in their
respective industries.
About NFJ Investment Group
NFJ Investment
Group is a global value equity manager with a rich heritage
and deep roots in Dallas, Texas.
Dating to 1989, NFJ is unwavering in its commitment to investing at
the intersection of value, quality, and shareholder yield, seeking
to identify companies with the strongest prospects for returning
capital to shareholders and with low market expectations.
About Virtus Investment Partners, Inc.
Virtus
Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. Virtus Investment Partners offers access to a
variety of investment styles across multiple disciplines to meet a
wide array of investor needs. Virtus' affiliates include Ceredex
Value Advisors, Duff & Phelps Investment Management, Kayne
Anderson Rudnick Investment Management, Newfleet Asset Management,
NFJ Investment Group, Seix Investment Advisors, Silvant Capital
Management, and Sustainable Growth Advisers. Additional information
can be found at virtus.com.
1 Assets as of December
31, 2020
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SOURCE Virtus Investment Partners, Inc.