Virtus Investment Partners reported a strong Q4 2021, with significant revenue growth driven by higher average assets under management. The acquisition of Westchester Capital Management also contributed to the increase in assets and revenue. Adjusted EPS reached a record high, reflecting the company's strong operating performance.
Diluted earnings per share were reported at $6.29, while adjusted diluted earnings per share reached $10.36.
Total sales amounted to $8.7 billion.
Net flows were ($0.1) billion.
Assets under management increased to $187.2 billion.
Management anticipates continued growth in assets under management and revenue due to market performance and strategic acquisitions. The company expects to maintain its focus on delivering value to shareholders through disciplined expense management and strategic capital allocation.
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