Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Virtus Reports a Shrinking Loss Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, August 14, 2009

Virtus Reports a Shrinking Loss

Reported by Sean Hanna, Editor in Chief

Net inflows into its managed account and mutual fund product lines helped Virtus Investment Partners shrink its losses in the second quarter. The Hartford, Connecticut-based asset managers reported an operating loss of $2.8 million in the quarter, down from a loss of $4.5 million in the first quarter. The total loss was $3.1 million, or $0.54 per share compared to a loss of $6.8 million, or $1.18 per share in the first quarter. The stock does not have estimates tracked by Wall Street analysts.

George R. Aylward, president and chief executive officer, pointed to the recovery in the stock market in March as a reason for the change in direction.

"The increase in long-term mutual fund assets during the quarter demonstrates Virtus has attractive products that investors want as they move back into the markets," he added. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use