Virtus Investment Partners Reports Preliminary October 31, 2021 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management (AUM) of $187.4 billion as of October 31, 2021. This figure includes $5.1 billion from the recent acquisition of Westchester Capital Management. The company also managed $3.8 billion in additional fee-earning assets. Key figures by product type include $79.9 billion in open-end funds and $43.3 billion in retail separate accounts, reflecting a growth from $177.3 billion in AUM in September 2021.

Positive

• Total AUM increased to $187.4 billion as of October 31, 2021 from $177.3 billion in September 2021.
• Includes $5.1 billion from the acquisition of Westchester Capital Management.

Negative

• None.

HARTFORD, Conn., Nov. 9, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management (AUM) as of October 31, 2021 of $187.4 billion. In addition, the company provided services to $3.8 billion of other fee-earning assets that are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	October 31, 2021 (1)				September 30, 2021
Open-End Funds	$	79,875			$	73,044
Closed-End Funds	12,177				11,721
Exchange Traded Funds	1,383				1,321
Retail Separate Accounts	43,308				41,528
Institutional Accounts	46,935				45,882
Structured Products	3,711				3,809
Total	$	187,389			$	177,305

	(1)		Includes $5.1 billion of assets under management related to the October 1, 2021 acquisition of Westchester Capital Management.

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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliates include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, NFJ Investment Group, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, Virtus ETF Solutions, and Westchester Capital Management.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-october-31-2021-assets-under-management-301420259.html

SOURCE Virtus Investment Partners, Inc.

FAQ

What are Virtus Investment Partners' assets under management as of October 31, 2021?

Virtus Investment Partners reported assets under management of $187.4 billion as of October 31, 2021.

What was the increase in AUM from September 2021 to October 2021 for VRTS?

The assets under management increased from $177.3 billion in September 2021 to $187.4 billion in October 2021.

How much of the AUM is attributed to the Westchester Capital Management acquisition?

The acquisition of Westchester Capital Management contributed $5.1 billion to the total assets under management.

What additional fee-earning assets does VRTS manage?

In addition to the assets under management, Virtus Investment Partners manages $3.8 billion in other fee-earning assets.

What product type has the highest AUM for Virtus Investment Partners?

Open-end funds have the highest assets under management at $79.9 billion as of October 31, 2021.