Virtus Investment's October AUM Balance Dips, Stock Down 1%

Virtus Investment Partners, Inc. (VRTS) shares lost 1% in response to the announcement of a fall in assets under management (AUM) for October 2024. The company reported a month-end AUM of $179.41 billion, down 2.4% from the Sept. 30, 2024, level. The decline seems to be due to unfavorable market performance.The company offered services to $2.3 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.Virtus Investment’s Performance Breakdown by Product TypeIn October, Virtu ...