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.
Affiliated Managers Group (NYSE: AMG) has announced the sale of its minority stake in Baring Private Equity Asia to EQT AB for a total consideration of $1.1 billion. This includes $240 million in cash and 28.68 million EQT shares. AMG acquired its 15% interest in BPEA for $187.5 million in 2016 and expects BPEA to contribute approximately $35 million in EBITDA in 2022. The transaction is expected to close in Q4 2022, subject to customary conditions. AMG plans to use 40% of the proceeds for taxes and debt repayment, with 60% allocated to growth investments and share repurchases.
Affiliated Managers Group reported strong financial results for 2021, achieving a full-year net income of $566 million and economic earnings per share of $18.28, up 37% year-over-year. The company experienced a positive trend in adjusted EBITDA, reaching $1,059 million, an increase of 33%. AMG's strategic investments included partnerships with four new Affiliates, emphasizing growth in private markets and ESG strategies. Despite some net client cash outflows, AMG's assets under management rose to $813.8 billion, indicative of a robust growth strategy.
Affiliated Managers Group (NYSE: AMG) is set to report its financial results for the fourth quarter and full year ending December 31, 2021 on February 7, 2022. The conference call will commence at 8:30 a.m. ET, featuring management discussions on previous results and future expectations. Jay C. Horgen and Thomas M. Wojcik will lead the call. Interested parties can join via telephone or access the session online, with a replay available shortly after the call's conclusion. For further details, please visit the AMG website.
Affiliated Managers Group (AMG) has completed the acquisition of the remaining minority equity interest in Systematica Investments, enhancing its partnership with the technology-driven investment firm. The transaction, part of a strategic plan initiated when Systematica spun out in 2015, positions Leda Braga to maintain a majority stake while AMG retains a substantial minority interest. Systematica managed approximately $13 billion in assets as of December 31, 2021, with a 50% growth in assets since AMG's initial investment. AMG anticipates an incremental $18 million in Adjusted EBITDA from this investment in 2022.
Affiliated Managers Group (NYSE: AMG) reported a third-quarter EPS of $3.00 and an Economic EPS of $4.00 for 2021, with net income at $128 million. The company saw a 26% growth in Adjusted EBITDA to $228 million, driven by strong Affiliate performance. Positive net client cash flows of $3.3 billion reflected solid demand in private and liquid strategies. AMG repurchased $100 million in shares, totaling $390 million this year. The firm expanded through a partnership with Abacus Capital Group, managing over $110 billion in assets.
Affiliated Managers Group (AMG) will release its financial and operating results for Q3 2021 on November 1, 2021. The results will be discussed in a conference call at 8:30 a.m. Eastern Time on the same day. Led by President and CEO Jay C. Horgen and CFO Thomas M. Wojcik, the call may cover management's future expectations. Interested parties can dial 1-877-407-8291 for U.S. calls, or 1-201-689-8345 for international attendees. A replay will be available shortly after the call ends.
Affiliated Managers Group (AMG) has completed its partnership with Parnassus Investments, a leader in active responsible investing with $49 billion under management. Parnassus, founded in 1984, integrates rigorous ESG research into its investment strategy. The firm is recognized for its top-rated mutual funds, with over 95% of its assets under management achieving a 4 or 5-star rating from Morningstar. The transaction terms remain undisclosed, but key executives have committed to long-term employment at Parnassus.
Affiliated Managers Group (AMG) has entered into a definitive agreement to acquire a majority equity interest in Abacus Capital Group, focusing on the growing U.S. multifamily real estate sector valued at $3.5 trillion. This partnership marks AMG's fourth new Affiliate in 2021, highlighting its appeal in succession planning among alternative firms. Abacus has approximately $2 billion in assets under management, boasting a strong track record in multifamily investments. The transaction, set to close in Q4 2021, aims to enhance both firms' growth potential while preserving operational independence.
Affiliated Managers Group (NYSE: AMG) reported significant growth in its second quarter 2021 results. EPS reached $2.55, while Economic EPS was $4.03. The company recorded a net income of $109 million and an Adjusted EBITDA of $227 million, marking a 40% increase year-over-year. AMG's Assets Under Management (AUM) rose to $755.7 billion. A notable partnership with Parnassus Investments enhances AMG's ESG strategy, now managing over $80 billion in dedicated ESG assets. Additionally, AMG repurchased $80 million of common stock and announced a cash dividend.
Affiliated Managers Group (AMG) will report its financial and operating results for the second quarter on July 28, 2021, followed by a conference call at 8:30 a.m. Eastern Time. The call will feature insights from Jay C. Horgen, President and CEO, and Thomas M. Wojcik, CFO.
Interested parties can join via U.S. and non-U.S. dial-ins. A replay will be available post-call, and the presentation can also be accessed on the company's website.
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