Virtus Advisers LLC acquired a new stake in LifeStance Health Group, Inc. (NASDAQ:LFST – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 115,039 shares of the company’s stock, valued at approximately $1,232,000. A number of other large investors also recently bought and sold shares of the company. Assetmark Inc. lifted […]

Virtus Investment Partners reported fourth quarter assets under management of $159 billion, down from $169 billion, due to net outflows of $8.1 billion and market performance. The outflows were almost entirely driven by quality-oriented equity strategies, which represent half of AUM but have underperformed amid market preference for momentum-driven stocks. Total sales reached $5.3 billion compared with $6.3 billion in the third quarter. The operating margin declined to 32.4% from 33%, whilst earnings per share fell to $6.50 from $6.69. The company is expanding into private markets with a pending acquisition of a 56% stake in Keystone National Group, a private credit manager with $2.5 billion in assets, and a 35% investment in Crescent Cove, a venture growth manager with over $1 billion in AUM.