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 Funds is enhancing its U.S. wealth platform to align with its Affiliates, enabling access to high-quality funds managed solely by those Affiliates. This transition will offer new strategies, including Boston Common’s Global Impact Fund and Veritas' Asia Pacific Fund, previously unavailable in the U.S. market. AMG is set to manage approximately $5 billion in assets previously overseen by third parties. Shareholders will benefit from improved pricing and a streamlined selection of funds focused on high-conviction investments, ensuring alignment with evolving client demands.
Affiliated Managers Group (AMG) reported strong financial results for Q4 2020, with an EPS of $2.54 and Economic EPS of $4.22. Full-year Economic EPS reached $13.36. Q4 net income was $116 million, boosted by a 27% year-over-year increase in adjusted EBITDA to $255 million. AMG's strategic investments in Boston Common Asset Management and Jackson Square Partners signify its commitment to sustainable and growth-oriented investing. The company repurchased $226 million in shares during Q4 and continues to have a robust capital position for future growth.
Affiliated Managers Group (AMG) has announced its acquisition of a minority equity interest in Boston Common Asset Management, a leader in ESG impact investing, with $3.9 billion in assets under management as of December 31, 2020. This partnership aims to enhance Boston Common's growth and client diversity while preserving its operational independence. CEO Jay Horgen emphasized the importance of ESG investing as a fast-growing segment in the industry. The financial terms of the transaction were not disclosed.
Affiliated Managers Group (AMG) will announce its Q4 and full year financial results for the period ending December 31, 2020 on February 8, 2021. The results will be discussed in a conference call hosted by CEO Jay C. Horgen and CFO Thomas M. Wojcik at 8:30 a.m. ET. Interested listeners can join by dialing U.S. number 1-877-407-8291 or non-U.S. number 1-201-689-8345. A replay of the call will be available shortly after, and further details can be accessed via AMG's official website.
Affiliated Managers Group (NYSE: AMG) has appointed Félix V. Matos Rodríguez to its Board of Directors, effective immediately. Dr. Matos Rodríguez is the Chancellor of the City University of New York, overseeing the largest urban university in the U.S. with a student body of 275,000. Known for his leadership in academia, he has held significant roles in education and public service. The company’s President, Jay C. Horgen, emphasized Dr. Matos Rodríguez's expertise in managing large organizations and his commitment to inclusion and excellence as valuable assets to AMG's board.
Affiliated Managers Group (NYSE: AMG) has acquired the minority equity interest in Jackson Square Partners, previously held by Macquarie Investment Management. Jackson Square, an independent investment manager, specializes in growth-oriented equity strategies with around $24 billion in assets under administration. This partnership is expected to enhance Jackson Square's growth prospects while preserving its independence and entrepreneurial culture. The terms of the transaction were not disclosed, but both companies believe that the partnership is ideal for fostering long-term success.
Affiliated Managers Group (AMG) reported Q3 2020 financial results, stating an EPS of $1.53 and Economic EPS of $3.27. Net income was $71 million, while Economic Net Income reached $152 million. Adjusted EBITDA grew 12% to $181 million. The company repurchased $85 million in common stock and issued a $275 million 40-year hybrid bond, enhancing liquidity. Although AUM declined to $653.5 billion, AMG aims to invest for growth, leveraging its unique model to scale business and deliver long-term shareholder value.
Affiliated Managers Group (NYSE: AMG) will release its third-quarter financial results on October 26, 2020. The company will host a conference call at 8:30 a.m. ET to discuss these results and future expectations. President Jay C. Horgen and CFO Thomas M. Wojcik will lead the call. Interested parties can listen live by calling 1-877-407-8291 (U.S.) or 1-201-689-8345 (international). The call will be available for replay with conference ID 13710888. Details and the presentation will also be accessible on AMG's website.
Affiliated Managers Group, Inc. (NYSE: AMG) has elected Dwight D. Churchill as its new Chairman of the Board, effective immediately. Mr. Churchill, who has been on the board since 2010 and chaired the Audit Committee since 2015, brings extensive experience from his tenure at Fidelity Investments. He expressed enthusiasm about leading the board during a transformative period in the industry and emphasized the importance of attracting top-tier directors to enhance shareholder value. AMG manages approximately $638 billion in assets, focusing on independent investment managers.
Affiliated Managers Group (NYSE: AMG) has appointed Tracy A. Atkinson to its Board of Directors, effective immediately. Atkinson, who retired from State Street Corporation in March 2020, brings over 12 years of leadership experience in asset management. With this addition, 43% of AMG's independent Directors are now female, enhancing the board's diversity. The company manages approximately $638 billion in assets as of June 30, 2020, focusing on long-term value through its unique partnership strategy.
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