Virtus Investment Partners Reports Preliminary April 30, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management of $170.9 billion as of April 30, 2022. This figure marks a decline from $183.3 billion reported on March 31, 2022. Additionally, the company oversees $3.2 billion of other fee-earning assets not included in the total. The breakdown of assets shows that open-end funds accounted for $67.3 billion, while institutional accounts contributed $53.8 billion. This decrease in overall AUM may raise concerns among investors regarding the firm's ability to attract and retain capital.

Positive

• None.

Negative

• Total assets under management decreased from $183.3 billion to $170.9 billion.
• Open-end funds decreased from $73.1 billion to $67.3 billion.
• Retail separate accounts fell from $40.8 billion to $38.3 billion.
• Institutional accounts declined from $57.3 billion to $53.8 billion.

HARTFORD, Conn., May 10, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $170.9 billion as of April 30, 2022.  In addition, the company provided services to $3.2 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	April 30, 2022		March 31, 2022
Open-End Funds (1)	$                  67,323		$                  73,149
Closed-End Funds	11,424		12,060
Retail Separate Accounts	38,301		40,824
Institutional Accounts (2)	53,846		57,309
Total	$                 170,894		$                 183,342

(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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SOURCE Virtus Investment Partners, Inc.

FAQ

What are the preliminary assets under management for VRTS as of April 30, 2022?

The preliminary assets under management for Virtus Investment Partners (VRTS) as of April 30, 2022, are $170.9 billion.

How much did VRTS's assets under management decrease from March 31, 2022?

Virtus Investment Partners' assets under management decreased from $183.3 billion on March 31, 2022, to $170.9 billion.

What is the amount of other fee-earning assets managed by VRTS?

Virtus Investment Partners manages an additional $3.2 billion of other fee-earning assets, which are not included in the assets under management.

What was the value of open-end funds managed by VRTS as of April 30, 2022?

As of April 30, 2022, the value of open-end funds managed by Virtus Investment Partners was $67.3 billion.

What decline did VRTS experience in retail separate accounts from March 31 to April 30, 2022?

Retail separate accounts for Virtus Investment Partners declined from $40.8 billion on March 31, 2022, to $38.3 billion on April 30, 2022.