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Fair Value Measurements - Changes in Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Cash equivalents $ 202,054us-gaap_CashAndCashEquivalentsFairValueDisclosure $ 270,262us-gaap_CashAndCashEquivalentsFairValueDisclosure
Total assets measured at fair value 257,368us-gaap_AssetsFairValueDisclosure 303,450us-gaap_AssetsFairValueDisclosure
Other investments, nonqualified retirement plan assets 5,063vrts_InvestmentsInNonqualifiedRetirementPlanAssets 4,220vrts_InvestmentsInNonqualifiedRetirementPlanAssets
Sponsored Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 38,312us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
17,904us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 8,740us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
8,379us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Sponsored Closed-End Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities available for sale 3,199us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
2,685us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
Nonqualified Retirement Plan Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Other investments, nonqualified retirement plan assets 5,063vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
4,220vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
Level 1 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Cash equivalents 202,054us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
270,262us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Total assets measured at fair value 257,368us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
303,450us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Level 1 [Member] | Sponsored Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 38,312us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
17,904us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
Level 1 [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 8,740us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
8,379us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Level 1 [Member] | Sponsored Closed-End Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities available for sale 3,199us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
2,685us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
Level 1 [Member] | Nonqualified Retirement Plan Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Other investments, nonqualified retirement plan assets 5,063vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
4,220vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
Level 2 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Cash equivalents 0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
 
Total assets measured at fair value 0us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
 
Level 2 [Member] | Sponsored Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 0us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
 
Level 2 [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 0us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
 
Level 2 [Member] | Sponsored Closed-End Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities available for sale 0us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
 
Level 2 [Member] | Nonqualified Retirement Plan Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Other investments, nonqualified retirement plan assets 0vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
 
Level 3 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Cash equivalents 0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
 
Total assets measured at fair value 0us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
 
Level 3 [Member] | Sponsored Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 0us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
 
Level 3 [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 0us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
 
Level 3 [Member] | Sponsored Closed-End Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities available for sale 0us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
 
Level 3 [Member] | Nonqualified Retirement Plan Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Other investments, nonqualified retirement plan assets $ 0vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember