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

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

Rating:Virtus Makes Up AUM in 2009 Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 5, 2010

Virtus Makes Up AUM in 2009

by: Daniel Tovrov

At year-end 2009, Virtus Investment Partners found it's mutual fund AUM up over both the quarter and year, but revenue fell from the fourth quarter of 2008.

Virtus experienced net inflows of $351.2 million in mutual fund sales in the fourth quarter, 41 percent higher than the quarter prior. With gross fund sales of $2.8 billion in 2009, net inflows totaled $525.5 million for the year. Those flows are exceptionally better than in 2008, when Virtus experienced an outflow of over $960 million.

Virtus' overall AUM increased by 12 percent, from $22.6 to $25.4 billion, over the same period.

Fourth quarter revenue in 2009 was down 4 percent compared to 2008, from $34.8 million to $33.3 million. Between the third and fourth quarter 2009, however, revenue increased 10 percent, from $30.4 to $33.3 billion.

A full earnings report is available

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use