Virtus Investment Partners Reports Preliminary August 31, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management of $157.8 billion as of August 31, 2022. This includes an additional $2.9 billion of other fee-earning assets not listed in the asset figures. The breakdown shows various categories: Open-End Funds at $59.9 billion, Closed-End Funds at $11.0 billion, Retail Separate Accounts at $36.1 billion, and Institutional Accounts at $50.8 billion. Comparatively, total assets were $162.9 billion at the end of July 2022, suggesting a decrease in overall assets.

Positive

• Preliminary assets under management increased to $157.8 billion.
• Addition of $2.9 billion in other fee-earning assets.
• Diverse asset categories showing significant management.

Negative

• Total assets decreased from $162.9 billion as of July 31, 2022.
• Open-End Funds declined by approximately $2.2 billion.

HARTFORD, Conn., Sept. 12, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $157.8 billion as of August 31, 2022. In addition, the company provided services to $2.9 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	August 31, 2022		July 31, 2022
Open-End Funds (1)	$                  59,895		$                  62,071
Closed-End Funds	10,999		11,215
Retail Separate Accounts	36,108		37,259
Institutional Accounts (2)	50,767		52,430
Total	$                 157,769		$                162,975

(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 were Virtus Investment Partners' assets under management as of August 31, 2022?

As of August 31, 2022, Virtus Investment Partners reported preliminary assets under management of $157.8 billion.

How much did Virtus Investment Partners report in other fee-earning assets?

Virtus Investment Partners reported an additional $2.9 billion in other fee-earning assets.

What was the change in total assets under management for Virtus Investment Partners from July to August 2022?

Total assets under management decreased from $162.9 billion in July 2022 to $157.8 billion in August 2022.

What categories of assets does Virtus Investment Partners manage?

Virtus Investment Partners manages assets across several categories including Open-End Funds, Closed-End Funds, Retail Separate Accounts, and Institutional Accounts.