Virtus Investment Partners, Inc. is an American company which operates as 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 sub advisers.
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%.
[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.
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.
[10] Virtus supplements the investment capabilities of its affiliated managers with select unaffiliated sub advisers whose strategies are not available to retail mutual fund customers.