Transamerica to assume day-to-day management of six portfolios

By Tali David

Minneapolis, Feb. 17 - Transamerica Asset Management, Inc. will assume the responsibility for day-to-day management of the Transamerica Multi-Manager Alternative Strategies Portfolio, Transamerica Asset Allocation - Conservative VP, Transamerica Asset Allocation - Growth VP, Transamerica Asset Allocation - Moderate Growth VP, Transamerica Asset Allocation - Moderate VP and Transamerica International Moderate Growth VP, according to a 497K filed with the Securities and Exchange Commission.

Effective April 17, Tim Galbraith will be the portfolio manager for the Multi-Manager Alternative Strategies portfolio, and Todd R. Porter will be the portfolio manager for the rest.

Previously, Galbraith was the head of alternative investment strategies at Morningstar Associates, LLC and managing director at Bear Stearns Asset Management.

Porter was a portfolio construction consultant for each portfolio other than International Moderate Growth VP from the portfolio's inception through 2005 and was portfolio manager for these portfolios in 2005 and 2006. Porter was portfolio manager for International Moderate Growth VP in 2006.

Transamerica Asset Management is based in St. Petersburg, Fla.

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