Virtus Investment Partners to Acquire AlphaSimplex Group from Natixis

Posted on 10/20/2022

Virtus Investment Partners, Inc. entered into an agreement to acquire AlphaSimplex Group, LLC, a manager of liquid alternative investment solutions with US$ 10.9 billion of assets under management, from Natixis Investment Managers.

Among its strategies is its flagship trend-following managed futures strategy offered via the US$ 3.5 billion AlphaSimplex Managed Futures Strategy Fund (ASFYX), which is the third-largest U.S. mutual fund in its category.

Virtus will acquire 100% of AlphaSimplex from Natixis Investment Managers and it will seek to adopt the two U.S. mutual funds and, subject to regulatory approval, a Luxembourg-domiciled UCITS fund, that are managed by AlphaSimplex. The terms of the transaction were not disclosed. Virtus expects to fund 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 approvals by the mutual fund boards and fund shareholders.

Piper Sandler & Co. acted as financial advisor and Morgan Lewis & Bockius LLP was the legal advisor to Virtus on the transaction. RBC Capital Markets, LLC acted as financial advisor and Ropes & Gray LLP was the legal advisor to Natixis Investment Managers.

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