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Touchstone Investments Completes Purchase of Select AIG Funds

Touchstone Investments Completes Purchase of Select AIG Funds
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Touchstone Investments Completes Purchase of Select AIG Funds

Touchstone Investments Completes Purchase of Select AIG Funds
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Blake Moore , Mewhinney Strauss , Touchstone Securities Inc , Jp Morgan Securities , Fort Washington Investment Advisors Inc , Financial Services Inc , Willkie Farr Gallagher , Southern Life Insurance Company , Touchstone Strategic Income Opportunities Fund , National Integrity Life Insurance Company , Touchstone Advisors Inc , Western Southern Life Assurance Company , Touchstone Dividend Equity Fund , Southern Financial Group Inc , Lafayette Life Insurance Company , Ws Brokerage Services Inc , Ws Financial Group Distributors Inc , Kl Gates , Integrity Life Insurance Company , Ares Capital Management , Southern Life Insurance Company Western , Columbus Life Insurance Company , Gerber Life Insurance Company , Fort Washington Capital Partners Group , Piper Sandler Co ,

Touchstone Investments Announces Purchase Agreement to Acquire Select Retail Mutual Fund Business Assets from AIG Life & Retirement

Touchstone Investments Announces Purchase Agreement to Acquire Select Retail Mutual Fund Business Assets from AIG Life & Retirement
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CINCINNATI, Feb. 8, 2021 /PRNewswire/ Touchstone Investments and AIG Life & Retirement, a division of American International Group, Inc. (NYSE: AIG), announced today that Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, has agreed to acquire select assets of AIG Life & Retirement s Retail Mutual Funds business.
AIG s Retail Mutual Funds business manages $7.8 billion in assets across 18 mutual funds as of Dec. 31, 2020. Under the terms of the purchase agreement, 12 of those funds – with approximately $7.5 billion in assets – will be reorganized and merged into either existing Touchstone funds or into newly created Touchstone funds. After the reorganizations, the funds will be advised by Touchstone Advisors, Inc. ....

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David Hu of International Investment Group Pleads Guilty to Defrauding Clients and Investors in $100 Million Ponzi-Like Scheme

David Hu of International Investment Group Pleads Guilty to Defrauding Clients and Investors in $100 Million Ponzi-Like Scheme
Posted on 02/03/2021
According to the press release, “Audrey Strauss, United States Attorney for the Southern District of New York, announced that DAVID HU, a managing partner and the chief investment officer of the New York-based investment advisory firm International Investment Group (“IIG”), pled guilty today before U.S. District Judge Alvin K. Hellerstein to investment adviser fraud, securities fraud, and wire fraud offenses in connection with an over $100 million scheme to defraud IIG’s investment advisory fund clients and investors. Throughout the course of more than 10 years, HU perpetrated the scheme by, among other fraudulent actions, creating fictitious investments and overvaluing investments used to generate funds to pay off earlier investors in a Ponzi-like manner. In connection with his plea agreement, HU has also agreed to f ....

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