and his team have completed their latest acquisition.
| Edward Blake Moore, Jr.|
On Monday, Moore, president and CEO of Touchstone Investments
that the Cincinnati-based firm closed
on its purchase of much of AIG Life & Retirement's
retail mutual fund business last Friday. The deal was first unveiled
back in February.
The Touchstone-AIG deal included a dozen AIG funds with $6.8 billion in combined AUM. Eight AIG funds were merged into existing Touchstone funds, while four AIG funds were transformed into two new Touchstone funds, subadvised by Fort Washington Investment Advisors, Inc.
(Like Touchstone, Fort Washington is a subsidiary of Western & Southern Financial Group.) The deal boosted Touchstone's lineup to 32 funds and $35.9 billion in AUM.
Moore previously described
the target AIG funds as "a really good match" for Touchstone.
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