Oct. 18, 2012
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.
-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
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
'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.