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Virtus Investment Partners Announces Agreement to Acquire Westchester Capital Management


Virtus Investment Partners Announces Agreement to Acquire Westchester Capital Management
Posted on 02/02/2021
Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, announced it has entered into a definitive agreement to acquire Westchester Capital Management, a manager of global event-driven investment strategies with approximately US$ 4.3 billion of assets under management as of December 31, 2020, including US$ 3.6 billion in The Merger Fund, which was launched in 1989. The sales price was US$ 135 million. Under the agreement, Virtus would purchase all of the equity of Westchester Capital. Managing partners and portfolio managers, Roy Behren and Michael Shannon, have entered into long-term employment agreements and are reinvesting a significant portion of the transaction proceeds into the firm’s investment strategies. ....

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North Square Investments Expands Mutual Fund Platform with Altrinsic International Equity Fund


North Square Investments Expands Mutual Fund Platform with Altrinsic International Equity Fund
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North Square Investments (“North Square”), a multi-boutique manager with a range of equity, fixed income and multi-strategy product offerings, has launched the North Square Altrinsic International Equity Fund (NSIVX).
“The launch of the North Square Altrinsic International Equity Fund is consistent with our mission of delivering high-quality alpha-generating active strategies to the marketplace,” said Mark Goodwin, co-founder and CEO of North Square.
CHICAGO (PRWEB)
December 15, 2020
North Square Investments (“North Square”), a multi-boutique manager with a range of equity, fixed income and multi-strategy product offerings, has launched the North Square Altrinsic International Equity Fund (NSIVX). ....

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