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Consolidated Sponsored Investment Products - Summary of 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]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value $ 236,652vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts $ 139,054vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
Liabilities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 8,356vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
 
Liabilities [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 191vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Liabilities [Member] | Short Sales [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 8,165vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
 
Level 1 [Member] | Liabilities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 7,682vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
 
Level 1 [Member] | Liabilities [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 191vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Level 1 [Member] | Liabilities [Member] | Short Sales [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 7,491vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
 
Level 2 [Member] | Liabilities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 674vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
 
Level 2 [Member] | Liabilities [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Level 2 [Member] | Liabilities [Member] | Short Sales [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 674vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
 
Level 3 [Member] | Liabilities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
 
Level 3 [Member] | Liabilities [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Level 3 [Member] | Liabilities [Member] | Short Sales [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
 
Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 237,033vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
139,054vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
Assets [Member] | Debt Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 136,115vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
47,114vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Assets [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 100,537vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
91,940vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Assets [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 381vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Assets [Member] | Level 1 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 82,571vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
91,940vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Assets [Member] | Level 1 [Member] | Debt Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
 
Assets [Member] | Level 1 [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 82,417vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
91,940vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Assets [Member] | Level 1 [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 154vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Assets [Member] | Level 2 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 153,397vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
47,114vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Assets [Member] | Level 2 [Member] | Debt Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 135,050vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
47,114vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Assets [Member] | Level 2 [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 18,120vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
 
Assets [Member] | Level 2 [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 227vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
 
Assets [Member] | Level 3 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 1,065vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
 
Assets [Member] | Level 3 [Member] | Debt Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 1,065vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
 
Assets [Member] | Level 3 [Member] | Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
 
Assets [Member] | Level 3 [Member] | Derivatives Assets [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value $ 0vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember