Welcome to our dedicated page for Affiliated Managers Group news (Ticker: AMG), a resource for investors and traders seeking the latest updates and insights on Affiliated Managers Group stock.
Affiliated Managers Group, Inc. (NYSE: AMG) is a global asset management company with equity investments in leading boutique investment management firms known as affiliates. AMG partners with top-tier investment firms, providing them with operational autonomy while leveraging its global scale in product distribution, operations, and technology to fuel growth. As of March 31, 2024, AMG's affiliates managed approximately $699 billion across diverse investment strategies, including private markets, liquid alternatives, and differentiated long-only investments.
AMG's strategic investments span influential firms such as AQR Capital Management and Pantheon in alternative assets, which make up a significant portion of AMG’s AUM. For instance, AMG recently expanded its portfolio by acquiring a minority equity interest in Suma Capital, a pan-European private markets firm focused on sustainable infrastructure and growth strategies.
AMG's recent achievements highlight its robust financial condition and strategic growth initiatives. In 2023, AMG reported Economic Earnings per share of $19.48, demonstrating disciplined execution of its capital allocation strategy and investment in affiliates like Ara Partners, a firm specializing in industrial decarbonization. AMG’s flexible capital management, including the issuance of $450 million in 40-year junior hybrid debt, underscores its commitment to long-term value generation.
In addition to its financial performance, AMG is active in enhancing its affiliates' capabilities. Recent collaborations with Pantheon, one of its affiliates, include launching new private equity and private credit funds, reflecting AMG's commitment to innovation and expansion in private markets. Moreover, AMG's leadership transitions, such as the appointments of Thomas M. Wojcik as Chief Operating Officer and Dava E. Ritchea as Chief Financial Officer, signal a continued focus on strategic growth and operational excellence.
AMG continues to attract outstanding firms seeking partnership, offering growth capital, distribution support, and strategic capabilities to build enduring franchises. For more information about AMG and its affiliates, visit www.amg.com.
AMG reported strong financial results for Q4 and full-year 2024, with Economic EPS reaching $6.53 and $21.36 respectively. The company achieved a 10% full-year Economic Earnings growth, driven by strategic evolution and disciplined capital allocation. Assets Under Management (AUM) increased to $707.9 billion by year-end.
Key highlights include a new partnership with NorthBridge Partners, specializing in industrial logistics real estate, and private markets Affiliates raising approximately $24 billion during the year. The company demonstrated strong shareholder returns through $700 million in share repurchases, representing about 13% of outstanding shares.
Financial metrics show net income (controlling interest) of $511.6 million for 2024, with Adjusted EBITDA reaching $973.1 million. The company announced a Q4 cash dividend of $0.01 per share, payable March 4, 2025.
AMG has acquired a minority equity stake in NorthBridge Partners, a real estate investment manager specializing in industrial logistics assets. NorthBridge manages approximately $2 billion in assets, focusing on last-mile logistics properties in major markets.
Led by partners Greg Lauze, Dean Atkins, and David Aisner, NorthBridge operates in a high-growth sector driven by e-commerce growth, increasing demand for shorter delivery times, and supply chain onshoring. The partnership aims to leverage AMG's strategic capabilities while maintaining NorthBridge's independence and majority ownership.
This strategic move broadens AMG's participation in private markets and aligns with their focus on investing in secular growth areas. The financial terms of the transaction were not disclosed.
AMG (NYSE: AMG) has announced it will release its fourth-quarter and full-year 2024 financial and operating results on Thursday, February 6, 2025. The company will host a conference call at 8:30 a.m. Eastern time on the same day.
The call will be hosted by Jay C. Horgen (President and CEO), Thomas M. Wojcik (COO), and Dava E. Ritchea (CFO). The discussion may include management's expectations of future financial and operating results.
Interested parties can dial 1-877-407-8291 (U.S.) or 1-201-689-8345 (non-U.S.) to participate. A replay will be available at 1-877-660-6853 (U.S.) or 1-201-612-7415 (non-U.S.) using conference ID 13750674. The live call and replay can also be accessed via AMG's website at https://ir.amg.com/.
Pantheon has filed for registration of the AMG Pantheon Infrastructure Fund (P-BUILD), an evergreen fund offering private wealth investors access to infrastructure secondaries investments. The fund will be structured as a registered interval fund, focusing on sectors including power, utilities, transport, logistics, and digital infrastructure.
P-BUILD aims to combine infrastructure investment benefits with secondaries advantages, potentially offering capital appreciation, yield, lower volatility, and portfolio diversification. The fund leverages Pantheon's expertise in infrastructure secondaries, with the firm managing $21.4bn in infrastructure assets and recently raising $5.3bn in its largest infrastructure program.
This launch represents Pantheon's third US private wealth vehicle, alongside the AMG Pantheon Fund (P-PEXX) with $4.5bn in assets and the AMG Pantheon Credit Solutions Fund (P-SECC).
AMG, a strategic partner to leading independent investment management firms globally, has announced its participation in the upcoming Goldman Sachs Financial Services Conference. Jay C. Horgen, Chief Executive Officer, and Dava E. Ritchea, Chief Financial Officer, will be speaking at the event on Tuesday, December 10, 2024, at 12:20 p.m. ET.
The presentation will be accessible through a live audio webcast on AMG's website at https://ir.amg.com/. For those unable to attend, a replay of the webcast will be made available on the company's website following the event.
AMG reported strong Q3 2024 financial results with Economic Earnings per share of $4.82, showing an 18% year-over-year increase. The company achieved Net income of $124 million and Economic Net Income of $153 million. Alternative strategies significantly contributed to earnings, with dedicated private markets Affiliates raising approximately $7 billion in the quarter. The company repurchased $103 million in common stock during Q3, bringing year-to-date repurchases to $580 million. AMG also issued $400 million in senior notes, extending average debt duration to over 20 years.
AMG (NYSE: AMG) has announced it will release its third quarter 2024 financial and operating results on Monday, November 4, 2024. The company will host a conference call at 8:30 a.m. Eastern time, led by CEO Jay C. Horgen, COO Thomas M. Wojcik, and CFO Dava E. Ritchea. The call will discuss quarterly results and potential future financial and operating expectations. Interested parties can join via phone or access the live call and replay through AMG's website at https://ir.amg.com/.
AMG reported strong financial results for Q2 and H1 2024. Key highlights include:
- Q2 EPS of $2.26 and Economic EPS of $4.67
- H1 Net income of $226 million and Economic Net Income of $343 million
- H1 Economic EPS of $10.06, up 17% year-over-year
- Positive net client cash flows in Q2, driven by private markets fundraising
- $327 million in share repurchases in Q2, totaling $477 million in H1
AMG's focus on areas of secular demand and alternative strategies has enhanced its growth prospects. The company's disciplined capital allocation strategy, including investments in new and existing Affiliates, has positioned it well for future growth.
AMG (NYSE: AMG) has announced that it will release its second quarter financial and operating results for the period ended June 30, 2024, on Monday, July 29, 2024. The company will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results and potentially management's expectations for future performance.
The call will be hosted by Jay C. Horgen (President and CEO), Thomas M. Wojcik (COO), and Dava E. Ritchea (CFO). Interested parties can dial 1-877-407-8291 (U.S.) or 1-201-689-8345 (non-U.S.) to listen. A replay will be available shortly after the call, accessible by dialing 1-877-660-6853 (U.S.) or 1-201-612-7415 (non-U.S.) with conference ID 13747210.
The live call, replay, and a presentation highlighting AMG's performance can also be accessed via the company's investor relations website at https://ir.amg.com/.
The Third Avenue International Real Estate Value Fund (NASDAQ: REIFX) has celebrated its 10-year anniversary, marking a decade of notable achievements. The Fund has outperformed its benchmark by over 425 basis points annually. It received a 5-Star overall rating from Morningstar and a Silver Medalist designation in the Global Real Estate category as of April 30, 2024. Established by Portfolio Manager Quentin Velleley, CFA, in 2014, the Fund employs a value-oriented investing approach, focusing on long-term opportunities in international listed real estate. This strategy has positioned the Fund to benefit from pricing inefficiencies and uncorrelated returns, underpinned by its concentrated and rigorous investment methodology.
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