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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
Mar. 31, 2015
Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Cash equivalents $ 123,565us-gaap_CashAndCashEquivalentsFairValueDisclosure $ 202,054us-gaap_CashAndCashEquivalentsFairValueDisclosure
Total assets measured at fair value 172,436us-gaap_AssetsFairValueDisclosure 257,368us-gaap_AssetsFairValueDisclosure
Other investments, nonqualified retirement plan assets 5,168vrts_InvestmentsInNonqualifiedRetirementPlanAssets 5,063vrts_InvestmentsInNonqualifiedRetirementPlanAssets
Sponsored Funds [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 31,211us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
38,312us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
Equity Securities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Marketable securities trading 9,243us-gaap_TradingSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
8,740us-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 3,249us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
3,199us-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 5,168vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
5,063vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
Level 1 [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Cash equivalents 123,565us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
202,054us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Total assets measured at fair value 172,436us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
257,368us-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 31,211us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredFundsMember
38,312us-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 9,243us-gaap_TradingSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
8,740us-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 3,249us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_SponsoredClosedEndFundsMember
3,199us-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 $ 5,168vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember
$ 5,063vrts_InvestmentsInNonqualifiedRetirementPlanAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_NonqualifiedRetirementPlanAssetsMember