Voya Launches Multi-Manager Alternative CITs for DC Plans
Event summary
- Voya Investment Management launched two multi-manager CITs: V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity.
- The CITs are designed for defined contribution retirement plans and will initially be available through advisor-managed accounts on Voya’s Retirement platform.
- Global Trust Company serves as the trustee, with Voya IM advising on manager selection and portfolio design.
- Voya IM manages approximately $353 billion in assets as of March 31, 2026.
The big picture
Voya’s launch of multi-manager alternative CITs reflects a broader industry trend of incorporating alternative investments into defined contribution plans. By combining multiple managers within a single CIT structure, Voya aims to reduce concentration risk and enhance returns, addressing the growing demand for diversified retirement solutions. The strategic partnership with Global Trust Company underscores the importance of robust governance in managing these complex investment products.
What we're watching
- Product Adoption
- The pace at which defined contribution plans adopt these multi-manager CITs will indicate their competitive positioning.
- Governance Dynamics
- How the separation of roles between Voya IM and Global Trust Company affects decision-making and performance.
- Market Differentiation
- Whether Voya’s multi-manager approach can deliver more consistent outcomes compared to traditional public-only portfolios.
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