AllianzGI and Virtus Investment Partners Announce Strategic Partnership in U.S. Retail Market
July 09, 2020
New York – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Allianz Global Investors (AllianzGI), a leading global active asset manager, in a strategic partnership with Virtus Investment Partners.
Central to the partnership, Virtus will become the investment adviser, distributor and/or administrator of AllianzGI’s approximately $23 billion in open-end, closed-end and retail separate account assets. AllianzGI teams will continue to manage the strategies in a subadvisory capacity, providing continuity for AllianzGI’s U.S. retail clients.
The Paul Hastings team was led by Investment Management partner Michael Rosella and Corporate partner Luke Iovine, and included of counsel Vadim Avdeychik, Tax partner Eric Keller; and associates Joseph DiCarlo and Ryan Johnson.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.