XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investments | 9 Months Ended
--- | ---
Sep. 30, 2022
Schedule of Investments [Abstract] |
Investments | Investments Investments consist primarily of investments in the Company's sponsored products. The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 17, at September 30, 2022 and December 31, 2021 were as follows:
(in thousands) | September 30, 2022 |  | December 31, 2021
Investment securities - fair value | $ | 73,134 |  |  | $ | 80,335 |
Equity method investments (1) | 11,593 |  |  | 13,038 |
Nonqualified retirement plan assets | 11,588 |  |  | 13,321 |
Other investments | 1,930 |  |  | 2,196 |
Total investments | $ | 98,245 |  |  | $ | 108,890 |
(1) The Company's equity method investments are valued on a three-month lag based upon the availability of financial information. Investment Securities - fair value Investment securities - fair value consist of investments in the Company's sponsored funds and separately managed accounts. The composition of the Company’s investment securities - fair value was as follows:
| September 30, 2022 |  | December 31, 2021
(in thousands) | Cost |  | Fair Value |  | Cost |  | Fair Value
Investment Securities - fair value |  |  |  |  |  |  |
Sponsored funds | $ | 70,788 |  |  | $ | 61,699 |  |  | $ | 63,090 |  |  | $ | 66,326 |
Equity securities | 11,570 |  |  | 11,435 |  |  | 10,659 |  |  | 14,009 |
Total investment securities - fair value | $ | 82,358 |  |  | $ | 73,134 |  |  | $ | 73,749 |  |  | $ | 80,335 |
For each of the three and nine months ended September 30, 2022, the Company recognized net realized gains of $0.4 million on the sale of its investment securities - fair value. For the three and nine months ended September 30, 2021, the Company recognized net realized gains of $0.2 million and $2.0 million, respectively, on the sale of its investment securities - fair value.

X
- References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investments in Debt, Marketable Equity Securities, Equity Method investments, And Other [Text Block] + References No definition available. + Details
Name: | vrts_InvestmentsinDebtMarketableEquitySecuritiesEquityMethodinvestmentsAndOtherTextBlock
Namespace Prefix: | vrts_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration