Virtus Investment Partners, Inc. (NASDAQ:VRTS) Q4 2022 Earnings Call Transcript

So we do think that that is good opportunity. I already alluded to AlphaSimplex. I do believe that there is a much broader application of their capabilities that we can utilize across our product set. Because again, most of our managers are active fundamental managers. And they bring to that some quantitative capabilities. And we also separately brought in a team, the very systematic team that also provides us capability. So I see great opportunity there. On the market side, the non-U.S. again, is a high priority for us, because it’s a fertile playground for us. We haven’t had a lot of resources there over 10 or 15 years. So we think that that is a good priority for us. And that would also include the usage the global funds. So we’ve been in the process of building out those products.

And some of those resources will actually dovetail into both institutional as well as our use of products. But we’ve actually been in — most of our product introductions, recently had been focused on ETFs and use it actually not on the open inside. So I think all of that is part of the comment that I made in terms of the increasingly diversified set of offerings that we have as the market environment becomes a little more or less uncomfortable. So we feel good about that. In terms of the inorganic, again, while our growth strategy is not predicated upon doing M&A. We continue to make sure that we’re in active dialogue, those dialogues continue. So we’ve been as active as we’ve always been. We’re very selective in terms of what we do. Does it make sense strategically either from an addition of a capability, broadening of a market or some other kinds of scale enhancing or otherwise strategic value enhancing transaction?

So continue to be active on those. Again, our focus is always on the organic, but as you have seen, we are quite busy on the inorganic side as well.

Michael Cyprys : Great, thank you.

George Aylward : Thank you.

Operator: Thank you. This concludes our question-and-answer session. And I’d like to turn the conference back over to Mr. Aylward.

George Aylward : Great. Well, I just want to thank everyone today for joining us. And certainly, we encourage you to give us a call if there’s any other further questions. Enjoy the rest of your day. Thank you very much.

Operator: This concludes today’s call. Thank you for participating. You may now disconnect.