Virtus Investment Partners Inc. posted a 34 percent climb in second-quarter net on strong inflows into its fund products and other assets.
For three months ended June 30, Virtus said Tuesday it netted $19.8 million, or $2.10 a diluted share, up from $14.8 million, or $1.91 a share, the same quarter in 2013.
Its second-quarter operating margin rose to 47 percent from 44 percent a year earlier.
Virtus finished the quarter with $61.4 billion in managed assets vs. $52.7 billion a year ago.
