HARTFORD, Conn.--(BUSINESS WIRE)--
Virtus Investment Partners, Inc.
(NYSE: VRTS) today reported preliminary assets under management (AUM) of $175.0 billion and other fee earning assets of $2.3 billion for total client assets of $177.3 billion as of December 31, 2024. The decrease in AUM from September 30, 2024 reflects net outflows in institutional accounts and open-end funds as well as negative market performance, partially offset by positive net flows in retail separate accounts. Institutional net outflows included a $3.3 billion partial redemption of a lower-fee mandate. Preliminary average AUM for the quarter was $182.1 billion.
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Assets Under Management (unaudited)
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($ in millions)
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By Product Type:
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December 31, 2024
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November 30, 2024
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September 30, 2024
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Open-End Funds (1)
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$
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56,073
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$
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58,858
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$
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58,100
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Closed-End Funds
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10,225
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10,830
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10,432
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Retail Separate Accounts (2)
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49,536
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52,280
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50,610
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Institutional Accounts (3)
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59,167
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64,808
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64,600
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Total Assets Under Management
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$
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175,001
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$
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186,776
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$
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183,742
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By Asset Class:
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December 31, 2024
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November 30, 2024
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September 30, 2024
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Equity
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$
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100,792
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$
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110,162
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$
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106,784
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Fixed Income
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37,696
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38,435
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39,014
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Multi-Asset (4)
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21,174
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22,231
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21,619
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Alternatives (5)
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15,339
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15,948
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16,325
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Total Assets Under Management
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$
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175,001
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$
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186,776
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$
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183,742
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(1)
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Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds
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(2)
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Includes strategies for which investment models are provided to managed account sponsors
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(3)
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Represents assets under management of institutional separate and commingled accounts including structured products
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(4)
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Consists of multi-asset offerings not included in equity, fixed income, and alternatives
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(5)
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Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies
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About Virtus Investment Partners, Inc.
Virtus Investment Partners
(NYSE: 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.
Source: Virtus Investment Partners