M&A
confidence high
sentiment positive
materiality 0.75
Virtus acquires AlphaSimplex Group, $10.9B alternative manager, from Natixis
VIRTUS INVESTMENT PARTNERS, INC.
- AlphaSimplex has $10.9B AUM as of Sept 30, 2022; flagship ASFYX fund at $3.5B and 5-Star Morningstar rated.
- Transaction expected to close near end of Q1 2023, subject to regulatory approvals and mutual fund board/shareholder votes.
- AlphaSimplex to remain an autonomous Virtus affiliate; no changes to investment team, strategies, or culture.
- Virtus will fund with existing resources; purchase price not disclosed.
- Acquisition adds leading systematic alternative strategies to Virtus' multi-boutique platform.