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Fly News Breaks for March 10, 2016
VRTS
Mar 10, 2016 | 05:41 EDT
Jefferies analyst Surinder Thind downgraded Virtus Investment to Hold saying the resignation of "star" portfolio manager Rajiv Jain puts the company at risk for net outflows "meaningfully accelerating." Jain oversees close to 25% of Virtus' $46B in assets under management, Thind tells investors in a research note. He lowered his price target for the shares to $74 from $99.