AllianzGI and Virtus Investment Partners Announce Strategic Partnership in U.S. Retail Market
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
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