Virtus Investment Partners, Inc. reports developments for a multi-boutique asset management business serving individual and institutional clients. News commonly covers assets under management, sales and net flows across open-end funds, closed-end funds, retail separate accounts and institutional accounts, as well as asset-class trends in equity, fixed income, multi-asset and alternatives strategies.
The company also announces product activity through Virtus ETF Solutions, including actively managed exchange-traded funds managed by affiliated or selected investment managers such as Silvant Capital Management and Duff & Phelps Investment Management. Related updates include earnings releases, non-GAAP performance measures, closed-end fund distribution notices, and investment strategies offered through Virtus-affiliated advisers and subadvisers.
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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.