Virtus Investment (VRTS) Partners reported preliminary assets under management of $175B and other fee earning assets of $2.3B for total client assets of $177.3B 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 $3.3B partial redemption of a lower-fee mandate. Preliminary average AUM for the quarter was $182.1B.
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