Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $175.0 billion and other fee earning assets of $2.3 billion for total client assets of $177.3 billion as of December 31, 2024. The decrease in AUM from September 30, 2024 reflects net outflows in institutional accounts and open-end funds as well as negative market performance, partially offset by positive net flows in retail separate accounts. Institutional net outflows included a $3.3 billion partial redemption of a lower-fee mandate. Preliminary average AUM for the quarter was $182.1 billion.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
December 31, 2024 |
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November 30, 2024 |
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September 30, 2024 |
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Open-End Funds (1) |
$ |
56,073 |
|
$ |
58,858 |
|
$ |
58,100 |
Closed-End Funds |
|
10,225 |
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|
10,830 |
|
|
10,432 |
Retail Separate Accounts (2) |
|
49,536 |
|
|
52,280 |
|
|
50,610 |
Institutional Accounts (3) |
|
59,167 |
|
|
64,808 |
|
|
64,600 |
Total Assets Under Management |
$ |
175,001 |
|
$ |
186,776 |
|
$ |
183,742 |
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By Asset Class: |
December 31, 2024 |
|
November 30, 2024 |
|
September 30, 2024 |
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Equity |
$ |
100,792 |
|
$ |
110,162 |
|
$ |
106,784 |
Fixed Income |
|
37,696 |
|
|
38,435 |
|
|
39,014 |
Multi-Asset (4) |
|
21,174 |
|
|
22,231 |
|
|
21,619 |
Alternatives (5) |
|
15,339 |
|
|
15,948 |
|
|
16,325 |
Total Assets Under Management |
$ |
175,001 |
|
$ |
186,776 |
|
$ |
183,742 |
(1) |
Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds |
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(2) |
Includes strategies for which investment models are provided to managed account sponsors |
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(3) |
Represents assets under management of institutional separate and commingled accounts including structured products |
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(4) |
Consists of multi-asset offerings not included in equity, fixed income, and alternatives |
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(5) |
Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: 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 source version on businesswire.com: https://www.businesswire.com/news/home/20250113571131/en/
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
