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Laxman Pai, Opalesque Asia:

American multi-boutique asset manager Virtus Investment Partners will acquire AlphaSimplex Group, an alternatives manager with $10.9bn AUM, from Natixis Investment Managers.

According to a joint press release, AlphaSimplex is a leading provider of systematic alternative investment solutions for institutional and individual clients.

Virtus will acquire 100% of AlphaSimplex from Natixis and it will seek to adopt the two U.S. mutual funds and, subject to regulatory approval, a Luxembourg-domiciled UCITS fund, that is 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.

The manager of liquid alternative investment solutions AlphaSimplex said that its offerings are designed to adapt to changing market dynamics and provide the potential for positive, uncorrelated investment returns even through the market's most challenging periods.

Among its strategies is its flagship trend-following managed futures strategy offered via the 5-Star Morningstar Rated $3.5 billion AlphaSimplex Managed Futures Strategy Fund (ASFYX), which is the third-largest U.S. mutual fund in its category.

"AlphaSimplex brings distinctive alternative......................

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