Annalei Davis's questions to Virtus Investment Partners Inc (VRTS) leadership • Q3 2024
Question
Annalei Davis, on behalf of Mike Cyprys, asked about Virtus's strategy for inorganic growth, including M&A conversations and evaluation criteria, and also inquired about capital allocation towards seeding new products.
Answer
President and CEO George Aylward stated that for M&A, the company focuses on adding new capabilities, particularly in less correlated asset classes and private markets. He emphasized that M&A is not required for growth, with strong organic opportunities in retail separate accounts, ETFs, and global funds. Regarding new products, Aylward confirmed a very active development agenda focused on ETFs, global funds, and CITs, aligning with areas where the firm sees the most significant growth.