Virtus Investment Partners, Inc. has recently released its 10-K report, providing a detailed look into the company's financial performance and operations. The firm, based in Hartford, Connecticut, is a publicly owned investment manager that primarily provides services to individual and institutional clients. It offers separate client-focused equity and fixed income portfolios, as well as equity, fixed income, and balanced mutual funds. The company employs a multi-manager approach for its products and uses quantitative analysis for investments. Virtus Investment Partners, Inc. was founded in 1995.
In the 10-K report, Virtus Investment Partners, Inc. discussed its business model, highlighting its multi-manager, multi-style approach in offering investment strategies from various investment managers with distinct styles and autonomous processes. The firm aims to appeal to a broad range of investors and cater to different market cycles and preferences. Its earnings primarily come from asset-based fees charged for services related to investment management, fund administration, distribution, and shareholder services. The firm offers investment strategies for both institutional and individual investors across various asset classes, geographies, market capitalizations, styles, and investment approaches.
The report also delves into the market developments impacting the company's assets under management and sales. It notes the impact of fluctuations, volatility, and declines in the capital and financial markets on investment returns and asset flows. The report highlights the performance of major indices in 2025, showing increases in the MSCI World Index, Standard & Poor's 500 Index, Russell 2000 Index, and Morningstar / LSTA Leveraged Loan 100 Index.
Financially, the report details the company's total revenues, operating income, and net income per diluted share for 2025. It indicates a decrease in total revenues and operating income compared to 2024, while the net income per diluted share saw an increase.
The report also covers significant business developments, including the acquisition of a 35% minority interest in Crescent Cove Advisors, LP, and an agreement to acquire a majority interest in Keystone National Group. It discusses the total sales, net flows, and assets under management for 2025, showing a decrease in total assets under management compared to 2024.
Additionally, the report provides a breakdown of assets under management by product and asset class, as well as average assets under management and average fees earned. It includes a summary of investment performance by asset class and a comparison of the firm's results of operations for 2025 and 2024. The report concludes with a discussion of revenues by source, specifically investment management fees, distribution and service fees, administration and shareholder service fees, and other income and fees. Following these announcements, the company's shares moved -0.57%, and are now trading at a price of $169.30. If you want to know more, read the company's complete 10-K report here.
