AMG Announces Investment in Verition Fund Management
AMG has announced a strategic partnership to acquire a minority equity stake in Verition Fund Management, a global multi-strategy investment firm managing $12.6 billion in assets. The transaction is expected to close in Q2 2025.
Verition's management, led by Co-Founders Nicholas Maounis and Josh Goldstein, will retain majority ownership and operational control. Both co-founders have committed to long-term agreements with the firm. The management team will make additional investments in the firm's fund to maintain alignment with investors.
Founded in 2008, Verition operates with approximately 150 portfolio management teams, focusing on uncorrelated strategies. The firm has built its reputation on consistent returns with volatility, serving institutional investors globally.
AMG ha annunciato una partnership strategica per acquisire una partecipazione azionaria di minoranza in Verition Fund Management, una società globale di investimento multi-strategia che gestisce 12,6 miliardi di dollari in asset. La transazione è prevista per concludersi nel secondo trimestre del 2025.
La direzione di Verition, guidata dai co-fondatori Nicholas Maounis e Josh Goldstein, manterrà la maggioranza della proprietà e il controllo operativo. Entrambi i co-fondatori hanno sottoscritto accordi a lungo termine con la società. Il team di gestione effettuerà ulteriori investimenti nel fondo per mantenere l’allineamento con gli investitori.
Fondata nel 2008, Verition opera con circa 150 team di gestione portafoglio, concentrandosi su strategie non correlate. La società ha costruito la sua reputazione su rendimenti costanti con volatilità contenuta, servendo investitori istituzionali a livello globale.
AMG ha anunciado una alianza estratégica para adquirir una participación minoritaria en Verition Fund Management, una firma global de inversión multi-estrategia que administra 12.600 millones de dólares en activos. Se espera que la transacción se cierre en el segundo trimestre de 2025.
La dirección de Verition, liderada por los cofundadores Nicholas Maounis y Josh Goldstein, conservará la propiedad mayoritaria y el control operativo. Ambos cofundadores han firmado acuerdos a largo plazo con la firma. El equipo directivo realizará inversiones adicionales en el fondo para mantener la alineación con los inversores.
Fundada en 2008, Verition opera con aproximadamente 150 equipos de gestión de cartera, enfocándose en estrategias no correlacionadas. La firma ha construido su reputación con rendimientos consistentes y baja volatilidad, sirviendo a inversores institucionales a nivel mundial.
AMG는 126억 달러 규모의 자산을 운용하는 글로벌 다중 전략 투자 회사인 Verition Fund Management의 소수 지분을 인수하기 위한 전략적 파트너십을 발표했습니다. 거래는 2025년 2분기에 마무리될 예정입니다.
Verition의 경영진은 공동 창립자인 Nicholas Maounis와 Josh Goldstein이 이끌며, 다수 지분과 운영 통제권을 유지합니다. 두 공동 창립자는 회사와 장기 계약을 체결했습니다. 경영진은 투자자와의 정렬을 유지하기 위해 펀드에 추가 투자를 할 예정입니다.
2008년에 설립된 Verition은 약 150개의 포트폴리오 관리 팀과 함께 비상관 전략에 집중하고 있습니다. 이 회사는 변동성 낮은 꾸준한 수익률로 전 세계 기관 투자자들에게 신뢰를 쌓아왔습니다.
AMG a annoncé un partenariat stratégique visant à acquérir une participation minoritaire dans Verition Fund Management, une société d’investissement multi-stratégies mondiale gérant 12,6 milliards de dollars d’actifs. La transaction devrait être finalisée au deuxième trimestre 2025.
La direction de Verition, menée par les cofondateurs Nicholas Maounis et Josh Goldstein, conservera la majorité du capital et le contrôle opérationnel. Les deux cofondateurs se sont engagés par des accords à long terme avec la société. L’équipe de direction réalisera des investissements supplémentaires dans le fonds afin de rester alignée avec les investisseurs.
Fondée en 2008, Verition compte environ 150 équipes de gestion de portefeuille, spécialisées dans des stratégies non corrélées. La société s’est forgée une réputation grâce à des rendements constants avec une volatilité maîtrisée, au service d’investisseurs institutionnels à l’échelle mondiale.
AMG hat eine strategische Partnerschaft angekündigt, um eine Minderheitsbeteiligung an Verition Fund Management zu erwerben, einer globalen Multi-Strategie-Investmentfirma, die 12,6 Milliarden US-Dollar an Vermögenswerten verwaltet. Der Abschluss der Transaktion wird im zweiten Quartal 2025 erwartet.
Das Management von Verition, angeführt von den Mitbegründern Nicholas Maounis und Josh Goldstein, behält die Mehrheitsbeteiligung und die operative Kontrolle. Beide Mitbegründer haben sich langfristig an das Unternehmen gebunden. Das Managementteam wird zusätzliche Investitionen in den Fonds tätigen, um die Ausrichtung mit den Investoren aufrechtzuerhalten.
Verition wurde 2008 gegründet und arbeitet mit etwa 150 Portfoliomanagement-Teams, die sich auf unkorrelierte Strategien konzentrieren. Das Unternehmen hat sich durch beständige Renditen bei niedriger Volatilität einen Namen gemacht und betreut institutionelle Anleger weltweit.
- Strategic expansion into alternative investments sector
- Addition of $12.6B AUM to AMG's portfolio
- Management team making additional investment in fund, showing strong alignment
- Acquisition of stake in firm with proven track record of consistent returns
- Terms of the transaction not disclosed, limiting financial impact assessment
Insights
AMG's minority investment in Verition expands its alternatives footprint, adding a $12.6B multi-strategy manager while preserving operational independence.
AMG's acquisition of a minority stake in Verition Fund Management represents a strategic expansion in the alternative investment space. This transaction perfectly aligns with AMG's established partnership model, where they take minority positions while allowing investment firms to maintain operational independence and culture.
Verition brings $12.6 billion in assets under management to this partnership, having built a respected multi-strategy platform with approximately 150 portfolio management teams. The firm's focus on uncorrelated strategies is particularly valuable in today's market environment, where institutional investors increasingly seek diversification beyond traditional asset classes.
The transaction preserves Verition's autonomy - a cornerstone of AMG's approach. Verition's management retains a substantial majority of equity and maintains complete operational control. The long-term commitments from co-founders Nicholas Maounis and Josh Goldstein ensure leadership continuity, while management's additional investment in their own fund demonstrates strong alignment with investors' interests.
For AMG, this partnership further diversifies its business by increasing exposure to alternative strategies, specifically within the growing multi-strategy sector. This addition strengthens AMG's position in alternatives, which typically command higher fee rates than traditional investment strategies.
While financial terms remain undisclosed, the transaction follows AMG's established model of partnering with independent firms in areas of secular growth. The expected closing in Q2 2025 indicates the deal is progressing through regulatory approvals on schedule.
- AMG to acquire a minority equity interest in Verition, a global multi-strategy investment firm with
$12.6 billion in AUM - Verition’s management will retain a substantial majority of the firm’s equity and continue to lead Verition as an independent firm, in line with AMG’s partnership approach
- Partnership further diversifies AMG’s business and increases its exposure to alternative strategies
WEST PALM BEACH, Fla., April 21, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Verition Fund Management LLC (“Verition”), a global multi-strategy investment firm.
Under the terms of the transaction, Verition’s management will retain a substantial majority of the firm’s equity, continue to lead the organization, and maintain full control of day-to-day operations. As part of the agreement, Verition’s Co-Founders, Nicholas Maounis and Josh Goldstein, have entered into long-term commitments with the firm. Verition’s management will also make a significant additional investment in the firm’s fund, reinforcing its deep alignment with the business and its investors.
Founded in 2008, Verition has developed a globally recognized multi-strategy platform that allocates capital across a diversified range of uncorrelated strategies. The firm has delivered consistent returns with limited volatility, earning the confidence of institutional investors worldwide. Verition’s platform comprises approximately 150 portfolio management teams, supported by a culture of collaboration, innovation, and operational excellence. As of April 1, 2025, the firm manages approximately
“Verition is a premier multi-manager with an outstanding track record across nearly two decades,” said Jay C. Horgen, President and Chief Executive Officer of AMG. “With its focus on uncorrelated strategies, disciplined approach, strong risk framework, and proven ability to consistently deliver excellent results for clients, Verition is positioned as a leader in the growing multi-strategy space. Verition exhibits what we look for in a partner: a high-quality independent firm operating in an area of secular growth, with a high-performing team and excellent long-term prospects. I am delighted to welcome Nick, Josh, and their partners to our Affiliate group.”
“We’re excited to welcome AMG as a partner,” said Nicholas Maounis, Co-Founder and Chief Executive Officer of Verition. “In selecting an institutional partner, Josh and I were drawn to AMG’s track record, long-term orientation, and unique approach that preserves our independence and investment philosophy. This partnership supports the continued expansion of our platform, broadens our global reach, and strengthens our ability to execute on long-term strategic priorities — all with the goal of delivering lasting value to our investors.”
The terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2025.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in 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. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of December 31, 2024, AMG’s aggregate assets under management were approximately
About Verition Fund Management
Verition Fund Management LLC is an investment management firm founded in 2008 by Nicholas Maounis and Josh Goldstein with approximately
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
AMG Media & Investor Relations:
Patricia Figueroa
(617) 747-3300
ir@amg.com
pr@amg.com
FAQ
What is the size of AMG's stake acquisition in Verition Fund Management?
How much assets under management (AUM) does Verition have as of April 2025?
How will the AMG partnership affect Verition's management structure?
When is AMG's acquisition of Verition expected to close?
How many portfolio management teams does Verition currently operate?
