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 $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management1 (unaudited) |
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($ in millions) |
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By Product Type: |
March 31, 2023 |
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February 28, 2023 |
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December 31, 2022 |
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Open-End Funds (2) |
$ |
53,865 |
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$ |
54,261 |
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$ |
53,000 |
Closed-End Funds |
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10,358 |
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10,266 |
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|
10,361 |
Retail Separate Accounts |
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37,397 |
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|
37,743 |
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|
35,352 |
Institutional Accounts (3) |
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53,229 |
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|
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 |
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| (2) | Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds |
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| (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.
