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Performance Tops Pedigree in Money Managers’ Fortunes

Virtus Investment Partners Inc. and Artio Global Investors Inc. set out on their own in 2009 within nine months of one another. The paths of the two money managers couldn’t have been more different.

Virtus, which started as a virtually unknown money manager, has surged 19-fold since its public debut as assets have soared. Artio, which listed in September 2009 after spinning out from Switzerland’s 122-year-old wealth manager Julius Baer Group Ltd., saw its life as an independent firm come to an abrupt end with its Feb. 14 acquisition by Aberdeen Asset Management Plc after assets slumped and shares plunged about 90 percent.