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Virtus announces record earnings for second quarter

Virtus Investment Partners reported that operating income, as adjusted, for the second quarter of 2012 increased by 85 percent from the second quarter of 2011, and 20 percent from the first quarter of 2012. The company had positive net flows for the 13th consecutive quarter, and its long-term open-end mutual funds had an annualized organic growth rate of 28 percent.