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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, which has a minority interest in the new firm, is known for its absolute U.S. sector exposure recommendations used by investment management companies and advisors.
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 R. 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.
"We believe there is an ever-increasing demand among financial advisors to offer their clients portfolios that have a disciplined investment thesis and, more importantly, explainable and repeatable results," Aylward said. "The markets have evolved greatly over the past decade, and there is a need to deliver investment solutions that can capture performance using rules-based tactical allocation methodologies that focus on generating dependable outcomes rather than chasing performance."