FolioMetrix and American Independence Merge to Form RiskX Investments

NEW YORK, May 12, 2015 /PRNewswire/ -- 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."

FolioMetrix is the creator of a proprietary research platform that mixes strategies from carefully selected portfolio managers with different tactical overlays for portfolio diversification in up and down markets. The firm also provides a suite of client engagement, workflow management, and portfolio design and construction programs for advisors and institutions.

"Joining forces with American Independence provides us with the leadership and distribution expertise needed for advisors to access our extensive research, covering the full spectrum of active risk management within a diverse line of investment products," said Jerry Murphey, President and CEO of FolioMetrix, who will become President of RiskX Investments.

Grail Partners LLC, through a fund invested with an undisclosed partner, has provided funds to both companies and initiated the merger. "Today, financial markets change faster than do investor expectations, so investors need tactical risk management as well as traditional asset allocation," said Donald H. Putnam, Managing Partner of Grail Partners. "RiskX Investments will combine two great firms to promote active risk management of all types for all clients. We will help the RiskX Investments team pursue organic growth and strategic partnerships."

About American Independence
American Independence is an investment advisory firm registered with the SEC providing professional, actively managed investment advisory services to 10 American Independence Funds, as well as separately managed accounts, aggregating approximately $800 million in assets under management as of March 31, 2015. The firm management team is comprised of industry leaders with over 25 years of average industry tenure. To learn more about American Independence, visit www.americanindependence.com or call (646) 843-6901.

Important Disclosures

Investing in the Funds involves risk including the loss of principal. Equity securities are more volatile and carry more risk than other forms of investments. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. There is no assurance that the Funds, or the underlying ETFs the Funds may utilize, will achieve their objectives.

For more complete information on the American Independence Funds, you can obtain a prospectus containing complete information for the Funds by calling 866.410.2006 or by visiting www.americanindependence.com. You should consider the Fund's investment objectives, risks, charges, and expenses, carefully before you invest or send money. Information about these and other important subjects is in the Fund's prospectus. The prospectus and, if available, the summary prospectus should be read carefully before investing.

For a complete list of fund risks, please see the prospectuses.

Shares of the American Independence Funds are distributed by Matrix Capital Group, Inc., which is not affiliated with American Independence Financial Services, LLC or FolioMetrix LLC.

About FolioMetrix
FolioMetrix was founded in 2009 and is one of the industry's first tactical fund families, with 11 funds currently in distribution.

For more information, please visit www.riskxinvestments.com.

All investments carry a risk of loss, including a loss of capital. Diversification does not ensure a profit or protect against a loss.

An investor should consider the investment objectives, risks, and charges and expenses of the Funds carefully before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available at www.riskxfunds.com or by calling Shareholder Services at 1-800-773-3863. The prospectus should be read carefully before investing. All investing is subject to risk, including the loss of your principal.

The RiskX Funds are distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 17 Glenwood Ave., Raleigh, NC 27603. There is no affiliation between FolioMetrix, LLC or American Independence, including its principals, and Capital Investment Group, Inc.

CONTACT:
Erin Hershkowitz
JCPR
(973) 647-4177 
[email protected]

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SOURCE FolioMetrix