An investigation on behalf of investors in Virtus Investment Partners Inc (NASDAQ:VRTS) shares over potential wrongdoing at Virtus Investment Partners was announced and NASDAQ:VRTS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 12/09/2014 -- An investigation on behalf of current long-term investors in shares of Virtus Investment Partners Inc (NASDAQ:VRTS) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Virtus Investment Partners.
Investors who purchased shares of Virtus Investment Partners Inc (NASDAQ:VRTS) and currently hold any of those NASDAQ:VRTS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Virtus Investment Partners officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Virtus Investment Partners, Inc. is a provider of investment management products and services to individuals and institutions.
According to an analyst F-Squared Investments Inc sub-advises on the Virtus Investment Partners mutual funds Premium AlphaSector (VAPAX), Allocator Premium AlphaSector (VAAAX), AlphaSector Rotation (PWBAX), Global Premium AlphaSector (VGPAX), Dynamic AlphaSector (EMNAX), that represent about $13 billion, or one-fifth, of Virtus Investment Partners' $61 billion in assets under management.
According to a media report from early September 2014 F-Squared Investments Inc received a Wells notice from the Securities and Exchange Commission ("SEC") reportedly indicating the SEC is considering bringing a civil case against F-Squared Investments Inc. in late 2013, F-Squared Investments Inc repordetly told clients it was being investigated by the SEC, and earlier in 2014 F-Squared Investments Inc reportdelty said the regulator's investigation found certain F-Squared Investments Inc's historical returns overstated performance.
Virtus Investment Partners Inc (NASDAQ:VRTS) declined from $224.50 per share in early September 2014 to as low as $151.81 per share on December 1, 2014.
Those who purchased shares of Virtus Investment Partners Inc (NASDAQ:VRTS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com