Macquarie Investment Management Completes Acquisition of Assets Related to First Investors Funds Managed by Foresters Financial
Macquarie Investment Management today announces the completion of its acquisition of the mutual fund management business of Foresters Investment Management Company, Inc., the investment advisor of the First Investors Funds and First Investors Life Series Funds.
- Macquarie Investment Management today announces the completion of its acquisition of the mutual fund management business of Foresters Investment Management Company, Inc., the investment advisor of the First Investors Funds and First Investors Life Series Funds.
- The Platform offers asset allocation models using a mix of existing Delaware Funds by Macquarie mutual funds and certain First Investors mutual funds that are newly reorganized.2
In addition to the acquisition, Macquarie Investment Management will manage a portion of Foresters US general account to support its life insurance business. - We are pleased to welcome the First Investors shareholders to Delaware Funds by Macquarie, said Shawn Lytle, global head of Macquarie Investment Management and president of Delaware Funds by Macquarie.
- Macquarie Investment Management is a division of Macquarie Asset Management, a global asset manager with more than $US387.9 billion in assets under management as of June 30, 2019.