AMG and Affiliates Donate More than $1.7 Million Toward Aid for Ukrainian Humanitarian Crisis

Rhea-AI Summary

Affiliated Managers Group (NYSE: AMG) announced raising over $1.7 million to support humanitarian efforts for Ukraine. The funds are sourced from employee contributions and matched by The AMG Charitable Foundation. This initiative demonstrates AMG's commitment to aid organizations such as Revived Soldiers Ukraine and Direct Relief, providing essential medical supplies, food, and water to those affected. As of December 31, 2021, AMG managed approximately $814 billion in assets, focusing on long-term value through partnerships with independent investment firms.

Positive

• Raised over $1.7 million for humanitarian aid in Ukraine.
• Extend gift-matching commitment to all Affiliates’ employees.
• Support several reputable organizations providing medical and food aid.
• Demonstrates social responsibility and enhances corporate image.

Negative

• None.

WEST PALM BEACH, Fla., March 30, 2022 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to active independent investment management firms globally, today announced that more than $1.7 million has been raised in support of charitable organizations providing humanitarian aid in Ukraine or to Ukrainian refugees, across individual giving by AMG and Affiliate employees as well as gift-matching by The AMG Charitable Foundation and AMG. AMG recently extended a gift-matching commitment to all of its Affiliates’ employees in addition to leading its own internal giving campaign. The majority of the funds will support Revived Soldiers Ukraine, Nova Ukraine, United Help Ukraine, Direct Relief, CARE, and Americares, providing medical relief, food, water, and other forms of humanitarian aid to Ukrainians; numerous other organizations providing similar relief have also been supported.

About AMG
AMG is a leading partner to independent active investment management firms globally. AMG’s strategy is to generate long-term value by investing in a diverse array of high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return. AMG’s innovative partnership approach enables each Affiliate’s management team to own significant equity in their firm while maintaining operational and investment autonomy. In addition, AMG offers its Affiliates growth capital, global distribution, and other strategic value-added capabilities, which enhance the long-term growth of these independent businesses, and enable them to align equity incentives across generations of principals to build enduring franchises. As of December 31, 2021, AMG’s aggregate assets under management were approximately $814 billion across a broad range of return-oriented strategies. For more information, please visit the Company’s website at www.amg.com.

Investor Relations:
Anjali Aggarwal

Media Relations:
Ann Imes

(617) 747-3300
ir@amg.com
pr@amg.com

FAQ

What was announced by Affiliated Managers Group on March 30, 2022?

On March 30, 2022, Affiliated Managers Group announced the raising of over $1.7 million for humanitarian aid in Ukraine.

How much money has AMG raised for Ukraine humanitarian aid?

AMG has raised over $1.7 million for humanitarian aid in Ukraine.

Which organizations are supported by AMG's fundraising efforts?

AMG's fundraising efforts support organizations such as Revived Soldiers Ukraine, Nova Ukraine, and Direct Relief.

What is AMG's approach to charitable giving?

AMG's approach to charitable giving includes matching employees' donations and leading internal giving campaigns.

What assets does AMG manage as of December 31, 2021?

As of December 31, 2021, AMG managed approximately $814 billion in assets.