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Virtus Investment Partners and Kleinwort Benson Investors Announce Strategic Partnership for U.S. Market

 Virtus Investment Partners and Kleinwort Benson Investors Announce Strategic
                         Partnership for U.S. Market

  PR Newswire

  DUBLIN and HARTFORD, Connecticut, Jan. 10, 2013

DUBLIN and HARTFORD, Connecticut, Jan. 10, 2013 /PRNewswire/ -- Kleinwort
Benson Investors (Dublin) ("KBID"), which provides specialized equity
strategies primarily to institutional investors, and Virtus Investment
Partners, Inc. (NASDAQ: VRTS) ("Virtus"), which operates a U.S.-based
multi-manager asset management business, today announced an agreement to enter
into a partnership to develop business interests in the US retail marketplace.

(Logo: http://photos.prnewswire.com/prnh/20121031/NE03346LOGO )

The strong commitment of both parties to this agreement is demonstrated by
Virtus acquiring a 24 percent interest in Kleinwort Benson Investors
International, Ltd. (KBII), a 100%-owned subsidiary of KBID. KBII is a U.S.
registered investment adviser that subadvises the Virtus Emerging Markets
Equity Income Fund , an open-end mutual fund that Virtus launched in
September(1).

Sean Hawkshaw, chief executive officer of Kleinwort Benson Investors, said
that Virtus' multi-boutique model and its powerful distribution position in
the U.S. retail market were important considerations in establishing the
alliance.

"Providing specialist equity strategies to institutional investors has been
the core of our U.S. business until now and our commitment on this front will
continue. When we considered further growth opportunities for KBII, we looked
to partner with a company that has a proven track record in retail
distribution, which Virtus has clearly demonstrated."

George R. Aylward, president and chief executive officer of Virtus, said the
agreement was consistent with the Virtus strategy of bringing distinctive
product from boutique investment managers to the retail marketplace.

"Kleinwort Benson Investors is a distinguished firm with a global client base.
Its institutional-quality investment processes specializing in income-oriented
equities and resource strategies are very attractive. This agreement expands
on the relationship when we first partnered with KBII to offer our new
Emerging Markets Equity Income Fund, and provides for a strong alignment of
interests in pursuing multiple growth opportunities," Aylward said.

Financial terms of the agreement were not disclosed. The acquisition is
expected to be completed early in 2013, subject to customary closing
conditions and regulatory approval.

About Kleinwort Benson Investors Kleinwort Benson Investors (Dublin) ("KBID")
is a wholly-owned subsidiary of RHJ International (Euronext: RHJI): a
financial services group with principal activities in wealth management, asset
management and merchant banking. KBID is an institutional asset manager with
a global client base offering investors innovative strategies with a
specialization in income oriented equities and global resources. As of 30
September 2012 it had €3.4 billion ($4.3 billion) of assets under management.
KBII, the 100%-owned subsidiary of KBID, managed €742 million ($979 million)
of assets for North American clients of December 31, 2012. Additional
information can be found at www.kleinwortbensoninvestors.com

About Virtus Investment Partners Virtus Investment Partners (NASDAQ: VRTS) is
a distinctive partnership of boutique investment managers singularly committed
to the long-term success of individual and institutional investors. The
company provides investment management products and services through its
affiliated managers and select subadvisers, each with a distinct investment
style, autonomous investment process and individual brand. Virtus Investment
Partners offers access to a variety of investment styles across multiple
disciplines to meet a wide array of investor needs. Its affiliated managers
include Duff & Phelps Investment Management Co. , Euclid Advisors LLC , Kayne
Anderson Rudnick Investment Management, LLC , Newfleet Asset Management, LLC ,
Newfound Investments LLC , Rampart Investment Management , and Zweig Advisers
LLC . Additional information can be found at www.virtus.com .

Forward-Looking Statements

This press release may include statements that constitute "forward-looking
statements" under the securities laws of the United States. Forward-looking
statements include information concerning possible or assumed future
performance, asset levels, earnings, liquidity, cash flow, industry or market
conditions, regulatory developments, market interest in a fund and other
aspects of a fund's operations or general economic conditions. In addition,
when used in this press release, words such as "believes," "expects,"
"anticipates," "intends," "plans," "estimates," "projects" and future or
conditional verbs such as "may," "could," "should" and "would," or any other
statement that necessarily depends on future events, are intended to identify
forward-looking statements.

(1)Investing internationally, especially in emerging markets, involves
additional risks such as currency, political, accounting, economic, and market
risk. A fund that focuses its investments in a particular geographic location
will be highly sensitive to financial, economic, political, and other
developments affecting the fiscal stability of that location.

Please carefully consider the Fund's investment objectives, risks, charges and
expenses before investing. For this and other information about any Virtus
mutual fund, call 1-800-243-4361 or visit Virtus.com for a prospectus. Read it
carefully before you invest or send money.

Distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus
Investment Partners, Inc.

Website: http://www.virtus.com
Contact: Geoff Blake, Kleinwort Benson Investors International,
+1-212-218-2797, geoff.blake@kbinvestors.us, Joe Fazzino, Virtus Investment
Partners, +1-860-263-4725, joe.fazzino@virtus.com or Niall Murphy, Kleinwort
Benson Investors (Dublin) Ltd, + 353-1-4384451, niall.murphy@kbinvestors.com
 
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