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Thursday, July 22, 2021|
Touchstone Seals a $6.8B-AUM Deal
Blake Moore and his team have completed their latest acquisition.
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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