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  <xs:element id="vrts_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisReductionOfLiability" abstract="false" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisReductionOfLiability" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsIntrinsicValue" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsIntrinsicValue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_ConsolidatedEntityExcludingVariableInterestEntitiesVIEandVotingInterestEntitiesVOEMember" abstract="true" name="ConsolidatedEntityExcludingVariableInterestEntitiesVIEandVotingInterestEntitiesVOEMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_NetInterestInInvestmentProducts" abstract="false" name="NetInterestInInvestmentProducts" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_DebtInstrumentCovenantPercentageOfIncurredRefinanceTermLoan" abstract="false" name="DebtInstrumentCovenantPercentageOfIncurredRefinanceTermLoan" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="vrts_VariableInterestEntityReportingEntityInvolvementBeneficialInterestsDeferredRevenueAmount" abstract="false" name="VariableInterestEntityReportingEntityInvolvementBeneficialInterestsDeferredRevenueAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_NoncontrollingInterestPolicyTextBlock" abstract="false" name="NoncontrollingInterestPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="vrts_WestchesterCapitalManagementMember" abstract="true" name="WestchesterCapitalManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_PaymentOfWithholdingTaxesRelatedToRestrictedStock" abstract="false" name="PaymentOfWithholdingTaxesRelatedToRestrictedStock" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_VariableInterestEntityMeasureofActivityDistributionsReceivedandUnrealizedGainsLossesOnInvestment" abstract="false" name="VariableInterestEntityMeasureofActivityDistributionsReceivedandUnrealizedGainsLossesOnInvestment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_ProceedsFromRefinancingOfLongTermDebtNet" abstract="false" name="ProceedsFromRefinancingOfLongTermDebtNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_LondonInterbankOfferedRateLIBOR1Member" abstract="true" name="LondonInterbankOfferedRateLIBOR1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="vrts_PerformanceStockUnitsIncentiveMember" abstract="true" name="PerformanceStockUnitsIncentiveMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_InvestmentManagementFeesMember" abstract="true" name="InvestmentManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_AuditInformationAbstract" abstract="true" name="AuditInformationAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="vrts_NumberofCollateralizedLoanObligationsConsolidated" abstract="false" name="NumberofCollateralizedLoanObligationsConsolidated" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="vrts_IntangibleAssetsNetExcludingGoodwillRollForward" abstract="true" name="IntangibleAssetsNetExcludingGoodwillRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="vrts_AdministrationAndShareholderServiceFeesMember" abstract="true" name="AdministrationAndShareholderServiceFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_VariableInterestEntityReportingEntityInvolvementBeneficialInterestsAmount" abstract="false" name="VariableInterestEntityReportingEntityInvolvementBeneficialInterestsAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_BusinessAcquisitionGoodwillExpectedTaxDeductiblePeriod" abstract="false" name="BusinessAcquisitionGoodwillExpectedTaxDeductiblePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="vrts_SubordinatedNotesNewfleetCLO20161Member" abstract="true" name="SubordinatedNotesNewfleetCLO20161Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_DebtInstrumentCovenantThresholdProportionOfCreditFacilityOutstanding" abstract="false" name="DebtInstrumentCovenantThresholdProportionOfCreditFacilityOutstanding" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="vrts_VariableInterestEntityPrimaryBeneficiaryGlobalAndPrivateFundMember" abstract="true" name="VariableInterestEntityPrimaryBeneficiaryGlobalAndPrivateFundMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_IntangibleAssetsAcquired" abstract="false" name="IntangibleAssetsAcquired" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAmortization" abstract="false" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAmortization" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_ClosedEndFundsMember" abstract="true" name="ClosedEndFundsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_AlphaSimplexGroupLLCMember" abstract="true" name="AlphaSimplexGroupLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_VariableInterestEntityPrimaryBeneficiaryandVotingInterestEntityMember" abstract="true" name="VariableInterestEntityPrimaryBeneficiaryandVotingInterestEntityMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_NFJInvestmentGroupMember" abstract="true" name="NFJInvestmentGroupMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="vrts_LeverageRatioBelow150Member" abstract="true" name="LeverageRatioBelow150Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_DebtInstrumentCovenantNetProceedsOfCertainAssetSales" abstract="false" name="DebtInstrumentCovenantNetProceedsOfCertainAssetSales" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="vrts_LeverageScenarioDomain" abstract="true" name="LeverageScenarioDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_OtherIncomeAndFeesMember" abstract="true" name="OtherIncomeAndFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_InvestmentsInNonqualifiedRetirementPlanAssets" abstract="false" name="InvestmentsInNonqualifiedRetirementPlanAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_SummaryOfSignificantAccountingPoliciesTable" abstract="true" name="SummaryOfSignificantAccountingPoliciesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="vrts_DebtInstrumentCovenantPremiumDueIfPrepaidInConnectionWithRepricingTransaction" abstract="false" name="DebtInstrumentCovenantPremiumDueIfPrepaidInConnectionWithRepricingTransaction" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="vrts_CommitmentToProvideCapitalMember" abstract="true" name="CommitmentToProvideCapitalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_VotingInterestEntityVOEMember" abstract="true" name="VotingInterestEntityVOEMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_SeniorSecuredFloatingRateNotesNewfleetCLO20161Member" abstract="true" name="SeniorSecuredFloatingRateNotesNewfleetCLO20161Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_NoncontrollingInterestSubscriptionsRedemptionsAndOther" abstract="false" name="NoncontrollingInterestSubscriptionsRedemptionsAndOther" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_StockBasedCompensationExpenseTableTextBlock" abstract="false" name="StockBasedCompensationExpenseTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="vrts_StoneHarborInvestmentPartnersLLCMember" abstract="true" name="StoneHarborInvestmentPartnersLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_DistributionAndServiceFeesMember" abstract="true" name="DistributionAndServiceFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_DebtInstrumentAnnualPrincipalPaymentPercentage" abstract="false" name="DebtInstrumentAnnualPrincipalPaymentPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="vrts_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsIncludingGoodwill" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsIncludingGoodwill" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_ExpensesAbstract" abstract="true" name="ExpensesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="vrts_FurnitureAndOfficeEquipmentMember" abstract="true" name="FurnitureAndOfficeEquipmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_SummaryOfSignificantAccountingPoliciesLineItems" abstract="true" name="SummaryOfSignificantAccountingPoliciesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="vrts_RestrictedStockUnitsRSUsandStockOptionsMember" abstract="true" name="RestrictedStockUnitsRSUsandStockOptionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_RetailSeparateAccountsMember" abstract="true" name="RetailSeparateAccountsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_DebtInstrumentCovenantSecuredNetLeverageRatio" abstract="false" name="DebtInstrumentCovenantSecuredNetLeverageRatio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="vrts_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureEquipmentAndLeaseholdImprovements" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureEquipmentAndLeaseholdImprovements" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_SecuritiesPurchasedPayableAndOtherLiabilities" abstract="false" name="SecuritiesPurchasedPayableAndOtherLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_LargeShareholdersMember" abstract="true" name="LargeShareholdersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_LeverageRatioBelow200Member" abstract="true" name="LeverageRatioBelow200Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="vrts_InvestmentsCarryingAmountExceedsFairValue" abstract="false" name="InvestmentsCarryingAmountExceedsFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_OperatingandNonoperatingExpense" abstract="false" name="OperatingandNonoperatingExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="vrts_DebtInstrumentCovenantAmountRequiredToBePrepaidPercentOfExcessCashFlow" abstract="false" name="DebtInstrumentCovenantAmountRequiredToBePrepaidPercentOfExcessCashFlow" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="vrts_IncomeTaxReconciliationTable" abstract="true" name="IncomeTaxReconciliationTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
</xs:schema>
