VRTS - Virtus Investment Partners AUM drops 8.2% on market depreciation net outflows

• Virtus Investment Partners ( NASDAQ: VRTS ) preliminary assets under management dropped to $144.9B from $157.8B in August due to market depreciation and net outflows in open-end funds, institutional accounts and retail separate accounts, it said Tuesday.
• That drawdown was partially offset by positive net flows in closed-end funds.
• Open-end funds AUM slid to $54.5B from $59.9B in the prior month. Similarly, closed-end funds AUM of $10.1B declined from $11B previously.
• Retail separate accounts AUM came in at $33.4B vs. $36.1B in August. And institutional accounts AUM totaled $47B, down from $50.7B a month ago.
• Previously, (Sep. 12) Virtus Investment Partners reports 3.2% sequential drop in August AUM .

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