NFJ fund: Virtus to become investment manager under AllianzGI partnership
AllianzGI and Virtus Investment Partners agreed to a strategic partnership under which Virtus Investment Advisers, Inc. would become the investment manager of the fund. The change requires approval from the fund's Board of Trustees and shareholders, and the companies expect the arrangements to be in place by the end of 2020.
Key points
- Virtus would become investment adviser, distributor and/or administrator of AllianzGI's approximately $23 billion in U.S. open-end, closed-end and retail separate account assets, as of May 31, 2020.
- AllianzGI's Dallas-based Value Equity team, formerly NFJ Investment Group and managing about $7 billion, would join Virtus as an affiliated manager.
- The companies did not disclose specific terms, but said there are no payments at closing; the arrangements are expected by the end of calendar 2020.
The filing
Written by AI on Nov 9, 2026, 8:36 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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