This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Virtus Investment Partners Completes Acquisition Of Rampart Investment Management

HARTFORD, Conn. and BOSTON, Oct. 18, 2012 /PRNewswire/ --  Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, has completed its previously announced acquisition of Rampart Investment Management, adding customized options strategies to its investment capabilities for institutional and high-net-worth clients.

(Logo: http://photos.prnewswire.com/prnh/20090105/NEM020LOGO )

Rampart, a Boston-based registered investment advisor that is led by co-founders Ronald M. Egalka, president and chief investment officer, and David R. Fraley, executive managing director, client services, is now one of Virtus' boutique asset managers. The acquisition adds approximately $1.4 billion to Virtus' long-term assets under management.

Rampart is a long-established provider of customized option strategies for institutional and high-net-worth clients. The company uses systematic and disciplined options solutions, including hedged equity strategies integrated with existing investment programs, to provide additional yield from current equity allocations and manage risk in client portfolios.

As a Virtus affiliate, Rampart maintains its distinctive, independent investment process, dedicated client service functions, and brand. The company has offices in Boston's Financial District.

George R. Aylward, Virtus' president and chief executive officer, said that Rampart's distinctive alpha-generating capabilities complement the investment strategies that Virtus offers through its other affiliated managers and select subadvisers. Rampart's investment strategies will be made available through Virtus' retail and institutional distribution platforms.

"Ron, Dave and the Rampart team are well known for working closely with financial advisors and consultants to develop highly customized solutions for their clients, and we look forward to integrating Rampart's options overlay capabilities within existing investment strategies as well as introducing them in new products," Aylward said.

Egalka noted that Rampart recently launched a new low volatility equity (LVE) strategy for institutional clients who want to enhance portfolio returns while hedging volatility and downside risk. The new LVE strategy complements Rampart's existing capabilities, including strategies that use its proprietary Rampart Options Management System (ROMS®) platform.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs