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Virtus Investment Partners Reports Preliminary March 31, 2023 Assets Under Management
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
HARTFORD, Conn.--(BUSINESS WIRE)--
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $154.8 billion as of March 31, 2023. The increase from December 31, 2022 primarily reflected market appreciation and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management1 (unaudited)
($ in millions)
By Product Type:
March 31, 2023
February 28, 2023
December 31, 2022
Open-End Funds (2)
$
53,865
$
54,261
$
53,000
Closed-End Funds
10,358
10,266
10,361
Retail Separate Accounts
37,397
37,743
35,352
Institutional Accounts (3)
53,229
51,998
50,663
Total (1)
$
154,849
$
154,268
$
149,376
(1)
Excludes AUM of AlphaSimplex, which the company acquired on April 1, 2023
(2)
Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds
(3)
Represents assets under management of institutional separate and commingled accounts including structured products
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.
in latin, virtus connotes the characteristics of integrity, quality and strength. those are the traits we stand for today as an investment management provider and the traits that will define us in the future. virtus investment partners provides investment management products and services to individuals and institutions. we operate a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. we clearly understand the responsibility we have to our clients and we are committed to their success as investors. for important disclaimers, go to https://www.virtus.com/social-media-guidelines
