Virtus Investment Partners reported strong financial results for Q1 2021, with significant increases in revenues, operating income, and earnings per share. Total AUM reached $168.9 billion, driven by the addition of AllianzGI partnership assets, market appreciation, and positive net flows. The company's adjusted EPS was $6.78, reflecting a 104% increase year-over-year.
Earnings per share - diluted reached $4.54, while adjusted earnings per share - diluted stood at $6.78.
Total sales amounted to $10.6 billion, with net flows of $2.4 billion.
Total assets under management (AUM) increased to $168.9 billion.
The company finalized the AllianzGI partnership, adding $29.5 billion in assets.
The press release does not contain any forward guidance.
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