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Virtus Investment Partners Reports $141.4B in AUM and Upcoming $7B Mandate Loss

MixedMedium impact
VRTS$130.51 −0.54%

Virtus Investment Partners, Inc. (VRTS) posted preliminary assets under management of $141.4 billion for the end of September 2026, while its third-quarter average reached $149.5 billion. The asset manager also announced that an institutional subadvisory account worth roughly $7.0 billion is scheduled to end in October.

Although losing $7.0 billion in assets reduces the firm's total asset base, the terminating account carries lower management fees. As a result, the decline in total revenue is expected to be significantly smaller than the drop in total assets would suggest. Meanwhile, positive inflows into exchange-traded funds and tender offer funds helped offset net outflows seen across several other channels.

Investors will be watching whether asset flows can stabilize across the firm's broader product lineup in coming quarters. Tracking the actual revenue effect of the subadvisory termination will also be key once the account officially departs. Shares of the company traded down 0.54% at $130.50 following the disclosure.

Key points

  • Virtus Investment Partners recorded $141.4 billion in preliminary assets under management at the end of September 2026.
  • Average assets under management for the third quarter stood at $149.5 billion.
  • A lower-fee institutional subadvisory account of about $7.0 billion will terminate in October 2026.
  • The revenue reduction from the terminated mandate is anticipated to be meaningfully less than the drop in total assets.
  • Outflows across several channels were partially countered by positive inflows in ETFs and tender offer funds.

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Questions and answers

What were Virtus Investment Partners' assets under management in September 2026?

Virtus Investment Partners reported preliminary assets under management of $141.4 billion as of September 30, 2026, with a third-quarter average of $149.5 billion.

How will the $7 billion mandate loss affect Virtus Investment Partners' revenue?

Because the terminating $7.0 billion institutional subadvisory account carries lower fees, management expects the impact on overall revenue to be meaningfully less than the total asset reduction.

Why is Virtus Investment Partners experiencing asset flow changes?

The firm faced net outflows across several distribution channels, though exchange-traded funds and tender offer funds recorded positive inflows.