fbpx
Wikipedia

Virtus Investment Partners

Virtus Investment Partners, Inc. operates a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated subadvisers.

Virtus Investment Partners, Inc.
TypePublic company
Nasdaq: VRTS
Russell 2000 Component
S&P 600 Component
IndustryAsset Management
FoundedNovember 1, 1995
HeadquartersHartford, Connecticut, U.S.
Key people
George R. Aylward, President and CEO
Timothy A. Holt, Chairman of the Board
ProductsVirtus mutual funds; closed-end funds; retail separate accounts; exchange-traded funds; institutional investment management services
AUM$168.9 billion (March 31, 2021)
Number of employees
581 (December 31, 2020)
Websitewww.virtus.com

Contents

Virtus Investment Partners, formerly known as Phoenix Investment Partners, Ltd., was formed on November 1, 1995 through a reverse merger with Duff & Phelps Investment Management Co., at the time the investment management affiliate of Duff & Phelps Corporation.

1995 - 2006

From 1995 to 2001, Virtus was a majority-owned indirect subsidiary of Phoenix Life Insurance Co. During this period, the company purchased a majority interest in several boutique investment management companies to establish its multi-manager business model. In addition to Duff & Phelps Investment Management, Virtus’ affiliates during this time included Kayne Anderson Rudnick Investment Management, LLC, Seneca Capital Management, and Zweig Advisers LLC, which was founded by legendary Wall Street investor Martin Zweig.

On January 11, 2001, a subsidiary of Phoenix acquired the outstanding shares of Phoenix Investment Partners not already owned, and the company became an indirect wholly owned subsidiary of Phoenix.

In May 2005, Phoenix Investment Partners acquired the remaining minority interest in Seneca Capital Management and in September of that year acquired the remaining minority interest in Kayne Anderson Rudnick, thereby increasing ownership of both companies to 100%. In May 2006, Phoenix Investment Partners adopted the Harris Insight Funds from Harris Investment Management, Inc.

2006 - 2009

In February 2008, Phoenix announced it would spin-off Phoenix Investment Partners as an independent asset management company through a pro-rata dividend of Phoenix Investment Partners' common stock to Phoenix's shareholders. On October 30, 2008, Harris Bankcorp Inc., a U.S. subsidiary of Bank of Montreal, announced it would acquire $45 million in convertible preferred stock, representing a 23 percent equity position in Virtus.

Virtus became an independent publicly traded company on December 31, 2008 upon completion of its spin-off from Phoenix. The first day of trading of VRTS was January 2, 2009, and company officials rang the opening bell at NASDAQ Market Site on January 5, 2009.

2010 - 2019

The years 2011 through 2018 was a period of expansion for Virtus as it established or acquired several affiliated managers, beginning in June 2011, when it established Newfleet Asset Management as a fixed income affiliate with approximately $5.2 billion of assets under management. David L. Albrycht, formerly executive managing director of Goodwin Capital Advisors, an investment management company that previously was a subsidiary of Virtus, became chief investment officer of Newfleet.

In October 2012, Virtus completed the acquisition of Rampart Investment Management, a registered investment advisor specializing in options strategies. In 2013, the company established a Dublin-based UCITS, and in 2015 acquired a majority interest in ETF Issuer Solutions (ETFis), a New York City-based company that operates a platform for listing, operating, and distributing exchange-traded funds. It was renamed Virtus ETF Solutions.

In December 2016, Virtus agreed to acquire multi-boutique asset manager RidgeWorth Investments from private equity firm Lightyear Capital and Ridgeworth's employees for $472 million. That transaction, which was completed in June 2017, added approximately $40 billion in assets managed by Ridgeworth's three wholly owned affiliates, Ceredex Value Advisors, Seix Investment Advisors, and Silvant Capital Management.

Virtus completed a majority investment in Sustainable Growth Advisers (SGA), an investment manager headquartered in Stamford, Connecticut that specializes in high-conviction U.S. and global growth equity portfolios, in July 2018.

Retail products (available to individual investors) include open-end mutual funds, closed-end funds, exchange-traded funds, and retail separate accounts. The Virtus Mutual Funds family consists of 58 open-end mutual funds that are distributed primarily through intermediaries, including national and regional broker-dealers, independent broker-dealers, and independent financial advisory firms. Virtus' closed-end funds are managed by four affiliated managers. The closed-end funds trade on the New York Stock Exchange.

Retail separately managed accounts comprise intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high-net-worth clients of the affiliated managers.

Virtus also manages institutional accounts for corporations, multi-employer retirement funds, foundations, endowments, and special purpose funds.

Principal Subsidiaries

This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view.(October 2021) ()
  • Ceredex Value Advisors LLC uses bottom-up, company-by-company research, seeking to identify catalysts in undervalued, dividend-paying stocks when constructing value-oriented portfolios for individuals, institutions, endowments, and foundations.
  • Duff & Phelps Investment Management Co. pursues specialized investment strategies by identifying attractive opportunities through active management and fundamental research, while striving to manage the associated risks. The company manages assets for open- and closed-end funds and institutional separate accounts by investing in global utilities, infrastructure, and REITs.
  • Kayne Anderson Rudnick Investment Management, LLC (KAR) invests in equity portfolios of companies that have strong, consistent growth with low business and financial risk. The firm was founded in 1984 by two successful entrepreneurs, Richard Kayne and John E. Anderson, for whom the University of California, Los Angeles, named its business management school. KAR offers a variety of actively managed equity and fixed-income strategies to individuals through open- and closed-end funds and retail separate accounts, primarily to high-net-worth individuals. Institutional clients include endowments, foundations, corporations, public funds, and pension plans.
  • Newfleet Asset Management, LLC provides comprehensive fixed income portfolio management, including multi-sector, enhanced core, and core strategies. Additionally, Newfleet offers dedicated sector strategies, such as bank loans and high yield, through open- and closed-end funds, institutional accounts, structured products, and high-net-worth/private client portfolios.
  • Seix Investment Advisors, LLC has focused exclusively on managing fixed income securities since 1992. The company emphasizes rigorous bottom-up credit analysis of individual issues, downside risk protection, and credit valuations to manage assets in open-end mutual funds, institutional accounts, structured products, and high-net-worth/private client managed accounts.
  • Silvant Capital Management, LLC specializes in managing growth equity portfolios for individual and institutional investors, including large corporations, not-for-profit organizations, public funds, endowments, and foundations. The company evaluates positive secular trends and disruptive products and services that can change the business landscape, identifying those companies best positioned to exceed investor expectations.
  • Sustainable Growth Advisers, LP (SGA) manages U.S., global, emerging markets, and international large-cap portfolios, for institutional and individual investors, using a team-oriented approach and a consistent investment philosophy based on fundamental research and investing in equities of sustainable growth companies.
  • Virtus ETF Solutions, LLC is a multi-manager sponsor of ETFs that utilizes actively managed and index-based investment capabilities across equity and fixed income asset classes.

Unaffiliated Subadvisers

Virtus supplements the investment capabilities of its affiliated managers with select unaffiliated subadvisers whose strategies are not available to retail mutual fund customers. These subadvisers include:

  • Vontobel Asset Management, Inc. of New York, a wholly owned subsidiary of Vontobel Holding AG of Switzerland that specializes in managing long-only global equity portfolios.

Virtus Investment Partners
Virtus Investment Partners Language Watch Edit Virtus Investment Partners Inc operates a multi manager asset management business comprising a number of individual affiliated managers each having its own investment process and brand and the services of unaffiliated subadvisers Virtus Investment Partners Inc TypePublic companyTraded asNasdaq VRTS Russell 2000 Component S amp P 600 ComponentIndustryAsset ManagementFoundedNovember 1 1995HeadquartersHartford Connecticut U S Key peopleGeorge R Aylward President and CEO Timothy A Holt Chairman of the BoardProductsVirtus mutual funds closed end funds retail separate accounts exchange traded funds institutional investment management servicesAUM 168 9 billion March 31 2021 Number of employees581 December 31 2020 Websitewww virtus com Contents 1 History 1 1 1995 2006 1 2 2006 2009 1 3 2010 2019 2 Business Overview 2 1 Principal Subsidiaries 2 2 Unaffiliated Subadvisers 3 ReferencesHistory EditVirtus Investment Partners formerly known as Phoenix Investment Partners Ltd was formed on November 1 1995 through a reverse merger with Duff amp Phelps Investment Management Co at the time the investment management affiliate of Duff amp Phelps Corporation 1995 2006 Edit From 1995 to 2001 Virtus was a majority owned indirect subsidiary of Phoenix Life Insurance Co During this period the company purchased a majority interest in several boutique investment management companies to establish its multi manager business model In addition to Duff amp Phelps Investment Management Virtus affiliates during this time included Kayne Anderson Rudnick Investment Management LLC Seneca Capital Management and Zweig Advisers LLC which was founded by legendary Wall Street investor Martin Zweig On January 11 2001 a subsidiary of Phoenix acquired the outstanding shares of Phoenix Investment Partners not already owned and the company became an indirect wholly owned subsidiary of Phoenix In May 2005 Phoenix Investment Partners acquired the remaining minority interest in Seneca Capital Management and in September of that year acquired the remaining minority interest in Kayne Anderson Rudnick thereby increasing ownership of both companies to 100 In May 2006 Phoenix Investment Partners adopted the Harris Insight Funds from Harris Investment Management Inc 2006 2009 Edit In February 2008 Phoenix announced it would spin off Phoenix Investment Partners as an independent asset management company through a pro rata dividend of Phoenix Investment Partners common stock to Phoenix s shareholders 1 On October 30 2008 Harris Bankcorp Inc a U S subsidiary of Bank of Montreal announced it would acquire 45 million in convertible preferred stock representing a 23 percent equity position in Virtus 2 Virtus became an independent publicly traded company on December 31 2008 upon completion of its spin off from Phoenix The first day of trading of VRTS was January 2 2009 and company officials rang the opening bell at NASDAQ Market Site on January 5 2009 3 2010 2019 Edit The years 2011 through 2018 was a period of expansion for Virtus as it established or acquired several affiliated managers beginning in June 2011 when it established Newfleet Asset Management as a fixed income affiliate with approximately 5 2 billion of assets under management David L Albrycht formerly executive managing director of Goodwin Capital Advisors an investment management company that previously was a subsidiary of Virtus became chief investment officer of Newfleet 4 In October 2012 Virtus completed the acquisition of Rampart Investment Management a registered investment advisor specializing in options strategies In 2013 the company established a Dublin based UCITS and in 2015 acquired a majority interest in ETF Issuer Solutions ETFis a New York City based company that operates a platform for listing operating and distributing exchange traded funds It was renamed Virtus ETF Solutions In December 2016 Virtus agreed to acquire multi boutique asset manager RidgeWorth Investments from private equity firm Lightyear Capital and Ridgeworth s employees for 472 million That transaction which was completed in June 2017 added approximately 40 billion in assets managed by Ridgeworth s three wholly owned affiliates Ceredex Value Advisors Seix Investment Advisors and Silvant Capital Management 5 Virtus completed a majority investment in Sustainable Growth Advisers SGA an investment manager headquartered in Stamford Connecticut that specializes in high conviction U S and global growth equity portfolios in July 2018 6 Business Overview EditRetail products available to individual investors include open end mutual funds closed end funds exchange traded funds and retail separate accounts The Virtus Mutual Funds family consists of 58 open end mutual funds that are distributed primarily through intermediaries including national and regional broker dealers independent broker dealers and independent financial advisory firms Virtus closed end funds are managed by four affiliated managers The closed end funds trade on the New York Stock Exchange Retail separately managed accounts comprise intermediary programs sponsored and distributed by unaffiliated brokerage firms and private client accounts which are offered to the high net worth clients of the affiliated managers Virtus also manages institutional accounts for corporations multi employer retirement funds foundations endowments and special purpose funds 7 Principal Subsidiaries Edit This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view October 2021 Learn how and when to remove this template message Ceredex Value Advisors LLC uses bottom up company by company research seeking to identify catalysts in undervalued dividend paying stocks when constructing value oriented portfolios for individuals institutions endowments and foundations Duff amp Phelps Investment Management Co pursues specialized investment strategies by identifying attractive opportunities through active management and fundamental research while striving to manage the associated risks The company manages assets for open and closed end funds and institutional separate accounts by investing in global utilities infrastructure and REITs Kayne Anderson Rudnick Investment Management LLC KAR invests in equity portfolios of companies that have strong consistent growth with low business and financial risk The firm was founded in 1984 by two successful entrepreneurs Richard Kayne and John E Anderson for whom the University of California Los Angeles named its business management school KAR offers a variety of actively managed equity and fixed income strategies to individuals through open and closed end funds and retail separate accounts primarily to high net worth individuals Institutional clients include endowments foundations corporations public funds and pension plans Newfleet Asset Management LLC provides comprehensive fixed income portfolio management including multi sector enhanced core and core strategies Additionally Newfleet offers dedicated sector strategies such as bank loans and high yield through open and closed end funds institutional accounts structured products and high net worth private client portfolios Seix Investment Advisors LLC has focused exclusively on managing fixed income securities since 1992 The company emphasizes rigorous bottom up credit analysis of individual issues downside risk protection and credit valuations to manage assets in open end mutual funds institutional accounts structured products and high net worth private client managed accounts Silvant Capital Management LLC specializes in managing growth equity portfolios for individual and institutional investors including large corporations not for profit organizations public funds endowments and foundations The company evaluates positive secular trends and disruptive products and services that can change the business landscape identifying those companies best positioned to exceed investor expectations Sustainable Growth Advisers LP SGA manages U S global emerging markets and international large cap portfolios for institutional and individual investors using a team oriented approach and a consistent investment philosophy based on fundamental research and investing in equities of sustainable growth companies Virtus ETF Solutions LLC is a multi manager sponsor of ETFs that utilizes actively managed and index based investment capabilities across equity and fixed income asset classes Unaffiliated Subadvisers Edit Virtus supplements the investment capabilities of its affiliated managers with select unaffiliated subadvisers whose strategies are not available to retail mutual fund customers These subadvisers include 8 Vontobel Asset Management Inc of New York a wholly owned subsidiary of Vontobel Holding AG of Switzerland that specializes in managing long only global equity portfolios References Edit Phoenix Announces Intention to Spin Off Phoenix Investment Partners phx corporate ir net Feb 7 2008 Harris Bankcorp to Take Minority Equity Position In Virtus Investment Partners bnet com Oct 30 2008 Virtus Gains in Debut Amid Acquisition Speculation Hartford Courant via pqasb pqarchiver com Jan 3 2009 Investor Relations Virtus to acquire RidgeWorth Investments expand institutional offerings Virtus Investment Partners to take 70 ownership of Sustainable Growth Advisers Virtus Investment Partners facebook com About Us Archived 2014 07 14 at the Wayback Machine virtus com SEC Approves Spin off of Virtus Investment Partners to Phoenix Shareholders bnet Dec 9 2008 Separation of Virtus Investment Partners from Phoenix Wikinvest Virtus Investment Partners Opens NASDAQ Stock Market Tradingmarkets com Jan 5 2009 permanent dead link Retrieved from https en wikipedia org w index php title Virtus Investment Partners amp oldid 1051232548, wikipedia, wiki, book,

books

, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.