What is Virtus Investment Partners?
Virtus Investment Partners, Inc. (NASDAQ: VRTS) is an independent publicly traded asset management company providing investment management products and services to individuals and institutions. The company previously was a wholly owned subsidiary of The Phoenix Companies, Inc. (NYSE: PNX), known as Phoenix Investment Partners. Virtus was spun off by Phoenix to holders of PNX common stock in a pro rata distribution of Virtus common stock.