May 12, 2015 , via American Independence:
FolioMetrix LLC will merge with American Independence Financial Services, LLC (AIF) to create a new company, RiskX Investments, LLC, offering an array of risk-intelligent investment solutions. The transaction is expected to close in September 2015. Deal terms were not disclosed.
RiskX Investments will manage, post-merger, approximately $1.1 billion in funds and separately managed accounts, comprised of the American Independence Funds (single-manager sub-advised funds and separately managed accounts) and the FolioMetrix Rx Fund Series (multi-strategy tactical mutual funds).
American Independence Funds offer exposure to select sub-advisors of equity, fixed income, international, and risked-managed portfolios. The AIF management team averages over 25 years of experience building and distributing investment solutions to the financial industry.
"The decision to merge with FolioMetrix was an easy one to make. Its team shares our dedication to continuously seeking new ways to deliver better investment outcomes during any market conditions," said John J. Pileggi, Managing Partner of American Independence, who will become CEO of RiskX Investments. "We are eager to join forces and deliver a wide array of risk-intelligent products to the marketplace as partners in RiskX Investments."
Read the full press release on American Independence's website