Venerable Investment Advisers Introduces Innovative Fund Lineup

Venerable Investment Advisers Launches Initial Fund Lineup

Venerable Investment Advisers, LLC, an innovative investment adviser and a wholly-owned subsidiary of Venerable Holdings, Inc., has recently made an exciting announcement regarding the initiation of a new lineup of mutual funds, boasting approximately $9.9 billion in assets under management. This milestone signifies a significant evolution in the company's investment strategy and its commitment to providing robust investment options.

Strategic Goals Behind Mutual Fund Launch

The newly launched mutual funds serve a crucial role as investment alternatives for separate accounts managed by insurance companies. They also symbolize a strategic move to bring the management of funds that supplement Venerable Insurance and Annuity Company's variable annuity business in-house. This transition aims to create more tailored solutions for investors, enhancing their options in the current financial landscape.

Collaboration with Established Investment Firms

To enhance the caliber of its offering, Venerable Advisers has partnered with respected investment advisory subsidiaries of Russell Investments and Franklin Resources, Inc. (commonly known as Franklin Templeton). This collaboration is pivotal as it ensures top-tier management for the Venerable Variable Insurance Trust (VVIT), promising improved investment outcomes.

Leadership Insights on the New Investments

Tim Brown, the President of Venerable Advisers, expressed his enthusiasm regarding the launch, highlighting the strategic importance of this endeavor for their investment advisory services. Brown remarked on the essential partnerships with Russell Investments and Franklin Templeton, noting the shared commitment to enhancing their service offerings and expanding the assets under management as they advance with future fund launches.

Praise from Investment Partners

In a show of support, Zach Buchwald, Chairman and CEO of Russell Investments, praised this significant step taken by Venerable Advisers. He acknowledged that the multi-manager options introduced are specifically designed to address contemporary investment challenges and optimize outcomes for policyholders. Buchwald conveyed excitement about the collaboration, emphasizing Russell's dedication to delivering efficient investment models.

Meanwhile, Jeff Masom, Head of U.S. Distribution for Franklin Templeton, acknowledged the extraordinary teamwork involved in bringing the inaugural mutual fund lineup to fruition. Masom highlighted the importance of focused collaboration aimed at achieving optimal client outcomes, stating that the strategies developed harness the diverse expertise of Franklin Templeton's specialist investment managers, thereby enriching the investment landscape for clients.

About Venerable and Its Operations

Venerable operates as a privately held entity with business operations centered in several key locations. The company specializes in managing legacy variable annuity businesses acquired from various entities and is supported by a group of seasoned investors, including those from Apollo Global Management, Inc. This diverse group brings vast experience and resources perfect for nurturing insurance businesses under long-term investment paradigms.

The Role of Venerable Investment Advisers

Incorporated in 2023, Venerable Investment Advisers assumes full responsibility for the management of the mutual funds related to Venerable Insurance and Annuity Company's variable annuity offerings. The firm's establishment marks a strategic growth path as it seeks to optimize management and investment strategies for its clients.

Russell Investments and Franklin Templeton Overview

As part of this initiative, it's essential to recognize the backgrounds of Russell Investments and Franklin Templeton. Russell Investments has served as a leading partner in providing comprehensive investment solutions for institutional investors and individuals alike. With a storied history dating back to 1936, they manage approximately $301.5 billion in assets globally, emphasizing continuous innovation to foster clients' financial security.

On the other hand, Franklin Templeton serves a multitude of clients through its extensive investment management expertise, addressing clients' diverse financial needs with a range of investment solutions across various asset classes. Managing around $1.6 trillion in assets, Franklin Templeton has over 75 years of experience, focusing on delivering exceptional value to its clients.

Frequently Asked Questions

What is the significance of the new fund lineup from Venerable Advisers?

The new fund lineup signifies Venerable Advisers’ strategic move to enhance investment management, specifically for variable annuity businesses.

Who are the partners involved in the mutual funds management?

The primary partners for the new mutual funds include Russell Investments and Franklin Resources, Inc. (Franklin Templeton).

What assets are being managed under Venerable Advisers?

Venerable Advisers is managing approximately $9.9 billion in assets under management (AUM) across its mutual funds.

How old is Venerable Investment Advisers?

Venerable Investment Advisers was established in 2023 to manage various mutual funds for Venerable Insurance and Annuity Company.

What is the overarching goal of Venerable Investment Advisers?

The overarching goal is to optimize investment strategies and enhance client outcomes through innovative mutual fund offerings.

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