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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
Mar. 31, 2015
Dec. 31, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value $ 254,481vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts $ 236,652vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
Liabilities [Member]    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Total Investments of Consolidated Sponsored Investment Products at Fair Value 9,685vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
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 172vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
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 9,513vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
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 9,104vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
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 129vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
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 8,975vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
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 581vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
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 43vrts_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 538vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_LiabilityMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_ShortSalesMember
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 254,748vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
237,033vrts_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 145,304vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
136,115vrts_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 109,177vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
100,537vrts_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 267vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
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 108,496vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
82,571vrts_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 108,408vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
82,417vrts_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 88vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
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 145,339vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
153,397vrts_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 144,391vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
135,050vrts_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 769vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
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 179vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= vrts_DerivativeAssetsMember
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 913vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
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 913vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_AssetsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
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
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