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

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management of $183.3 billion as of March 31, 2022, showing a decline from $187.2 billion on December 31, 2021. This decrease is attributed to market depreciation and net outflows in open-end funds, partially offset by a $14.7 billion asset addition from the acquisition of Stone Harbor Investment Partners and positive net flows in institutional and retail separate accounts. Additionally, the company managed $3.5 billion in other fee-earning assets.

Positive

• Acquisition of Stone Harbor Investment Partners added $14.7 billion in assets.
• Positive net flows in institutional and retail separate accounts.

Negative

• Decrease in assets under management from $187.2 billion to $183.3 billion.
• Net outflows in open-end funds contributed to asset decline.

HARTFORD, Conn., April 11, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $183.3 billion as of March 31, 2022. The decrease from December 31, 2021 primarily reflected market depreciation and net outflows in open-end funds, partially offset by the addition of $14.7 billion of assets from the acquisition of Stone Harbor Investment Partners and positive net flows in institutional and retail separate accounts. In addition, the company provided services to $3.5 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	March 31, 2022		February 28, 2022		December 31, 2021
Open-End Funds	$                  71,701		$                  73,121		$                  77,227
Closed-End Funds	12,060		11,689		12,068
Exchange Traded Funds	1,448		1,402		1,479
Retail Separate Accounts	40,824		40,808		44,538
Institutional Accounts	53,658		53,002		48,140
Structured Products	3,651		3,636		3,734
Total	$                 183,342		$                183,658		$                 187,186

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.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-march-31-2022-assets-under-management-301523110.html

SOURCE Virtus Investment Partners, Inc.

FAQ

What were Virtus Investment Partners' assets under management on March 31, 2022?

Virtus Investment Partners reported preliminary assets under management of $183.3 billion as of March 31, 2022.

Why did Virtus Investment Partners' assets under management decrease in Q1 2022?

The decrease was primarily due to market depreciation and net outflows in open-end funds.

What impact did the acquisition of Stone Harbor Investment Partners have on VRTS?

The acquisition contributed an additional $14.7 billion in assets under management.

What are the fee-earning assets reported by Virtus Investment Partners?

The company provided services to $3.5 billion of other fee-earning assets, which are not included in assets under management.