WEST CHESTER, PA — Venerable Investment Advisers, LLC has announced the launch of its initial mutual fund line-up, managing approximately $9.9 billion in assets. This strategic move brings the management of the mutual funds underlying Venerable Insurance and Annuity Company’s variable annuity business in-house, offering investment options for insurance company separate accounts.
Venerable has engaged Russell Investments and Franklin Templeton as sub-advisors to provide their expertise to the Venerable Variable Insurance Trust (VVIT). “This is an important milestone in the standup of our investment adviser,” said Tim Brown, President of Venerable Advisers. “We are grateful for the partnership of Russell Investments and Franklin Templeton along the way.”
Zach Buchwald, Chairman and CEO of Russell Investments, praised Venerable Advisers on this significant development, stating, “These multi-manager options are designed to help with today’s investment challenges. Russell is honored to partner with Venerable Advisers to deliver a more efficient model that will help drive enhanced outcomes for policyholders.”
Jeff Masom, Head of U.S. Distribution for Franklin Templeton, added, “Partnering with Venerable Advisers on the launch of their inaugural mutual fund lineup has required exceptional collaboration, focused on delivering client outcomes. Together, we have crafted institutional investment strategies leveraging Franklin Templeton’s diverse range of specialist investment managers.”
This launch signifies a pivotal step in optimizing Venerable’s business, with plans to grow assets further in future fund offerings.
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