December 8, 2014 (Shareholders Foundation) - 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.

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 Incs 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.