Virtus Investmen Stock Price, News & Analysis

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) announced that Ellen Elberfeld, CFA, will retire as co-portfolio manager effective May 5, 2023. Eric Elvekrog, current Chief Investment Officer, will take over as the sole portfolio manager. David D. Grumhaus, Jr., President and CEO, expressed regret over Elberfeld's departure but noted confidence in Elvekrog's capabilities, having been a part of the fund's management since its inception in 2011. The fund aims to achieve total return by focusing on high current income and growth, primarily investing in dividend-paying equities in the utility and infrastructure sectors.

Virtus Investment Partners has announced the addition of Andrew Pon and Macalla Rogers to its Global Listed Infrastructure team as research analysts. Pon will focus on the utilities sector while Rogers will support the transportation and midstream energy sectors. This move comes as a strategic enhancement of the firm's research capabilities in essential services that consistently perform well during various economic conditions.

Previously, Pon held positions at Foundry Brands and Causeway Capital Management, and Rogers worked with Stifel Financial Corp. and BMO Global Asset Management. This strengthening of expertise aims to enhance client outcomes across the investment strategies offered, including those available in the Virtus Duff & Phelps Global Infrastructure Fund.

Virtus Investment Partners has appointed Nicholas Holmes, CFA, as portfolio manager for their water strategy. Holmes will work alongside existing team members to manage the Virtus Duff & Phelps Water Fund. With a focus on environmental sustainability, Holmes brings extensive expertise in water sector investments, having previously co-managed a global water strategy at TortoiseEcofin. As of March 31, 2023, Duff & Phelps manages $675 million in water assets, highlighting its commitment to this niche market. Holmes emphasized the firm's strong legacy in investing in real assets and its sustainability focus as key factors in his decision to join.

Virtus Investment Partners (NASDAQ: VRTS) is set to release its financial results for Q1 2023 on April 28, 2023, before the market opens. The announcement was made from Hartford, Connecticut, and the management team, led by President & CEO George R. Aylward and CFO Michael A. Angerthal, will host a conference call and webcast for the investment community at 10:00 a.m. Eastern.

The accompanying presentation will be accessible on the Virtus investment website, and a replay of the call will be available for one year in the investor relations section. Virtus operates a multi-boutique asset management business, providing a range of investment management products and services tailored for diverse investor needs.

Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management of $154.8 billion as of March 31, 2023, reflecting an increase from $154.3 billion on December 31, 2022. The growth was driven by market appreciation and net inflows in retail separate accounts, although this was partially offset by net outflows in open-end funds and institutional accounts. The company also reported $2.6 billion in other fee-earning assets, which are excluded from the assets under management total.