Virtus Investment Partners Reports Preliminary June 30, 2023 Assets Under Management
July 12 2023 - 4:05PM
Business Wire
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported
preliminary assets under management of $168.3 billion as of June
30, 2023. The increase from March 31, 2023 primarily reflected the
addition of $7.8 billion of assets from the acquisition of
AlphaSimplex Group, LLC, market appreciation, and institutional net
inflows, partially offset by net outflows in open-end funds. In
addition, the company provided services to $2.6 billion of other
fee-earning assets, which are not included in assets under
management.
Assets
Under Management (unaudited)
($ in millions)
By Product Type:
June 30, 2023
May 31, 2023
March 31, 2023
Open-End Funds (1)
$
56,828
$
55,038
$
53,865
Closed-End Funds
10,166
9,965
10,358
Retail Separate Accounts
38,992
36,622
37,397
Institutional Accounts (2)
62,330
59,282
53,229
Total
$
168,316
$
160,907
$
154,849
(1) Represents assets under management of
U.S. retail funds, global funds, exchange traded funds, and
variable insurance funds
(2) 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230712220445/en/
Sean Rourke (860) 263-4709 sean.rourke@virtus.com
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