Multi-manager shop Virtus Investment Partners has unveiled a new manager, Newfound Investments, which will expand Virtus' offerings to include rules-based strategies to manage a variety of asset classes.
Virtus established Newfound Investments in partnership with Newfound Research, a financial technology firm that will provide access to proprietary research and asset allocation models. Newfound Research has a minority interest in the new firm.
The first strategies that will be managed by Newfound Investments using Newfound Research's exclusive tactical models will be three new "Virtus Disciplined" open-end mutual funds. Virtus has filed registrations for the Virtus Disciplined Equity Style Fund, Virtus Disciplined Select Bond Fund, and Virtus Disciplined Select Country Fund.
Corey Hoffstein, co-founder and chief investment officer of Newfound Research and chief investment officer of Newfound Investments, will be a portfolio manager for the new funds.
George Aylward, Virtus' president and chief executive officer, said the addition of Newfound Investments and the introduction of the "Virtus Disciplined" funds as Newfound Investments' initial strategies "continue our tradition of offering exclusive, innovative products that financial advisors can use to assist their clients in meeting their long-term financial goals.
Newfound Investments is the
