AllianzGI Diversified Income & Convertible Fund to get Virtus as new adviser
Allianz Global Investors and Virtus Investment Partners agreed to a strategic partnership under which Virtus Investment Advisers, Inc., a Virtus subsidiary, would become the investment manager to the Fund. The arrangements require approval from the Fund's Board of Trustees and Fund shareholders and are expected to be in place by the end of calendar year 2020.
Key points
- Virtus would become investment adviser, distributor and/or administrator for AllianzGI's approximately $23 billion in open-end, closed-end and retail separate account assets, as of May 31, 2020.
- AllianzGI teams would continue to manage the strategies in a subadvisory capacity.
- The Value Equity team, managing approximately $7 billion, would join Virtus as an affiliated manager.
- The companies did not disclose specific terms other than that there are no payments at closing; completion is expected by year-end 2020.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2020.
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