(Reuters) Activist hedge fund Marcato Capital Management LP said on Tuesday that Virtus Investment Partners Inc should fund its $513 million purchase of RidgeWorth Investment with cash to maximize returns.The deal could add more than 50 percent to Virtus’ earnings, significantly more than the fund manager’s expectation of more than 15 percent, if cash at hand was used to fund the deal, Marcato said.
Virtus, an investment management company, said in December that it would buy investment manager RidgeWorth to widen its client base.
