We are a provider of investment management and related services to individuals
and institutions. We use a multi-manager, multi-style approach, offering investment
strategies from affiliated managers and select unaffiliated subadvisors, each
having its own distinct investment style, autonomous investment process and
individual brand. By offering a broad array of products, we believe we can appeal
to a greater number of investors which allows us to have opportunities across
market cycles and through changes in investor preferences.
Our investment management services are provided by investment managers who
are registered investment advisers under the Investment Advisers Act of 1940,
as amended (the “Investment Advisers Act”). The investment managers
are responsible for portfolio management activities for our retail and institutional
products operating under advisory or subadvisory agreements. We provide our
affiliated managers with distribution, operational and administrative support,
thereby allowing each affiliated manager to focus primarily on investment management.
We also engage select unaffiliated subadvisers for certain of our open-end mutual
funds and exchange traded funds.
Our assets under management are comprised of open-end funds, closed-end funds,
exchange traded funds, variable insurance funds, separately managed accounts
(intermediary sponsored and private client) and institutional accounts (traditional
institutional mandates and structured products).
We managed 61 open-end funds, comprised of U.S. domiciled open-end mutual funds
("open-end mutual funds") variable insurance funds and UCITS. Our
open-end mutual funds are offered in a variety of asset classes (equity, fixed
income and alternative investments), in all market capitalizations (large, mid
and small), in different styles (growth, blend and value) and with various investment
approaches (fundamental, quantitative and thematic). Our variable insurance
funds are available as investment options in variable annuities and life insurance
products distributed by life insurance companies. Our Ireland domiciled UCITS,
which we refer to as the Global Funds, are offered in select investment strategies
to non-US investors.
We managed nine closed-end funds, each of which is traded on the New York Stock
Exchange. Closed-end funds do not continually offer to sell and redeem their
shares; rather, daily liquidity is provided by the ability to trade the shares
of these funds at prices that may be above or below the shares’ net asset
value.
Exchange Traded Funds
We made an investment for a majority ownership position in Virtus ETF Solutions
(“VES”), formerly known as ETF Issuer Solutions, that operates a
platform for listing, operating, and distributing exchange traded funds. .
Separately Managed Accounts
Separately managed accounts are individually owned portfolios that include intermediary
sponsored programs, whereby an intermediary assists individuals in hiring investment
managers that have been approved by the broker-dealer to fulfill those objectives
and private client accounts that are accounts of high net-worth individuals
who are direct clients of an affiliated manager.
Institutional Accounts
We offer a variety of equity and fixed income strategies to institutional clients,
including corporations, multi-employer retirement funds, public employee retirement
systems, foundations, endowments and as a subadviser to unaffiliated mutual
funds.
3.31% 
84.22 %