Duff & Phelps Investment Management

Duff & Phelps Investment Management Co. is a registered investment adviser specializing in listed real asset portfolios and is an affiliate of Virtus Investment Partners. It does not provide valuation, risk advisory, or corporate finance services. The similarly named global advisory firm Duff & Phelps was acquired by Kroll and is a separate entity.

The firm focuses exclusively on a small number of active, listed real asset strategies. Its three main areas are global listed infrastructure, global listed real estate, and Master Limited Partnerships and energy. Each strategy is managed by a dedicated team using fundamental, bottom-up research and high-conviction portfolio construction.

Duff & Phelps Investment Management has been a wholly owned subsidiary of Virtus Investment Partners since 1995, when it was acquired by Virtus's predecessor company based in Hartford, Connecticut. Virtus owns a collection of independently managed boutique asset managers. Duff & Phelps operates with investment autonomy under the Virtus multi-affiliate structure.

The firm delivers its strategies through three vehicles: direct institutional separate accounts and managed accounts, open-end mutual funds via the Virtus platform, and exchange-listed closed-end funds. At least two decades of experience managing closed-end funds provides a pathway for individual investor access to listed real asset strategies.

The firm integrates sustainability and environmental, social, and governance factors into its fundamental analysis and investment decision-making as a component of its fiduciary duty. It maintains a formal responsible investment policy, a policy for engagement on responsible investing issues, and publicly reports proxy voting records consistent with its emphasis on corporate governance and capital stewardship.