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George R Aylward, Virtus' president and chief executive officer

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Virtus Investment Partners to acquire Rampart Investment Management

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Virtus Investment Partners, which operates a multi-manager asset management business, is to acquire Rampart Investment Management, a registered investment adviser that specialises in customised options strategies for institutional and high-net-worth clients.

Since 1983, Rampart has provided systematic and disciplined options solutions to help its clients generate incremental yield, reduce downside risk and mitigate market volatility.

Rampart, a Boston-based, employee-owned investment manager with USD1.4bn under management, will continue to be led by co-founders Ronald M. Egalka, president and chief investment officer, and David R. Fraley, executive vice president, director of client services. 

The transaction, which is subject to customary closing conditions, is expected to be completed in the fourth quarter.

As an affiliated partner of Virtus, Rampart will retain its brand, independent investment process, and its proprietary Rampart Options Management System (ROMS) platform while leveraging Virtus’ shared retail distribution and business support services. 

In addition to focusing on expanding Rampart’s current client base, Virtus expects to use Rampart’s options overlay capability within existing investment strategies and introduce it in new products.

"We have the highest regard for Ron, Dave and the company they have built, and we are excited about the capabilities that the Rampart team will bring to Virtus as an affiliated partner," says George R. Aylward (pictured), Virtus’ president and chief executive officer.

"The opportunity to maintain our boutique culture, mathematically-driven investment processes and client service functions, combined with the benefits of Virtus’ extensive distribution capabilities and business support model, were critical elements we considered when selecting the best long-term partner for Rampart," Egalka says. "Virtus offers distinct advantages for our team, including being a part of a company that shares our commitment to our clients."

Rampart’s entire team will remain with the firm upon completion of the transaction, and the firm’s senior leaders have entered into employment agreements with Virtus. The company will maintain its offices in Boston’s financial district.

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