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Concentration of Credit Risk (Tables)
12 Months Ended
Dec. 31, 2013
Risks And Uncertainties [Abstract]  
Summary of Funds Provided Ten Percent or More of Total Revenues

The concentration of credit risk with respect to advisory fees receivable is generally limited due to the short payment terms extended to clients by the Company. The following funds provided 10 percent or more of the total revenues of the Company:

 

     Years Ended December 31,  
     2013     2012     2011  
($ in thousands)                   

Virtus Emerging Markets Opportunities Fund

      

Investment management, administration and transfer agent fees

   $ 53,202      $ 29,818        *   

Percent of total revenues

     14     12     *   

Virtus Multi-Sector Short Term Bond Fund

      

Investment management, administration and transfer agent fees

   $ 52,568      $ 39,475      $ 24,445   

Percent of total revenues

     14     17     14

Virtus Premium AlphaSector™ Fund

      

Investment management, administration and transfer agent fees

   $ 41,921      $ 27,987        *   

Percent of total revenues

     11     12     *   

 

* Less than 10 percent of total revenues of the Company.