Virtus Investment Partners Reports Preliminary December 31, 2024 Assets Under Management
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1:05 PM on Monday, January 13
The Associated Press
HARTFORD, Conn.--(BUSINESS WIRE)--Jan 13, 2025--
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 $182.1 billion.
Assets Under Management (unaudited) | ||||||||
($ in millions) | ||||||||
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By Product Type: | December 31, 2024 |
| November 30, 2024 |
| September 30, 2024 | |||
Open-End Funds (1) | $ | 56,073 |
| $ | 58,858 |
| $ | 58,100 |
Closed-End Funds |
| 10,225 |
|
| 10,830 |
|
| 10,432 |
Retail Separate Accounts (2) |
| 49,536 |
|
| 52,280 |
|
| 50,610 |
Institutional Accounts (3) |
| 59,167 |
|
| 64,808 |
|
| 64,600 |
Total Assets Under Management | $ | 175,001 |
| $ | 186,776 |
| $ | 183,742 |
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By Asset Class: | December 31, 2024 |
| November 30, 2024 |
| September 30, 2024 | |||
Equity | $ | 100,792 |
| $ | 110,162 |
| $ | 106,784 |
Fixed Income |
| 37,696 |
|
| 38,435 |
|
| 39,014 |
Multi-Asset (4) |
| 21,174 |
|
| 22,231 |
|
| 21,619 |
Alternatives (5) |
| 15,339 |
|
| 15,948 |
|
| 16,325 |
Total Assets Under Management | $ | 175,001 |
| $ | 186,776 |
| $ | 183,742 |
(1) | Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds | |
(2) | Includes strategies for which investment models are provided to managed account sponsors | |
(3) | Represents assets under management of institutional separate and commingled accounts including structured products | |
(4) | Consists of multi-asset offerings not included in equity, fixed income, and alternatives | |
(5) | Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250113571131/en/
CONTACT: Sean Rourke
(860) 263-4709
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Virtus Investment Partners
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PUB: 01/13/2025 04:05 PM/DISC: 01/13/2025 04:04 PM
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