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, Inc. (NYSE: AMG) has appointed David C. Ryan to its Board of Directors, effective immediately. Ryan, a corporate advisor to Temasek Holdings, brings over 22 years of experience from Goldman Sachs, including leadership roles in Asia. His appointment aims to enhance AMG's strategy in expanding its footprint in Asia and strengthening client relationships. The Board's Chair highlighted Ryan’s extensive corporate governance experience as integral to their ongoing refreshment process and skill enhancement within the Board.
AMG has entered a definitive agreement to acquire a majority equity interest in Parnassus Investments, the largest ESG-dedicated fund manager in the U.S. This acquisition boosts AMG's ESG-dedicated AUM to approximately $80 billion, contributing around $70 million to Adjusted EBITDA and $1.30 to Economic Earnings per Share in 2022. The transaction will close in the second half of 2021, contingent on customary conditions and regulatory approvals. Parnassus will maintain operational independence post-acquisition, ensuring continuity in their investment approach.
Affiliated Managers Group (AMG) reported strong financial results for Q1 2021, with EPS of $3.41 and Economic EPS of $4.28. The company saw net income of $150 million and Adjusted EBITDA of $247 million, reflecting a 23% year-over-year growth. AMG repurchased $210 million in common stock and enhanced its U.S. wealth distribution platform to improve client outcomes. The introduction of OCP Asia as a new Affiliate underscores AMG's commitment to expanding its private market solutions. Overall, AMG remains well-positioned for future organic growth amidst a favorable macro environment.
Affiliated Managers Group (AMG) has acquired a minority equity interest in OCP Asia Limited, enhancing its footprint in private credit markets. OCP Asia, managing approximately $3 billion, specializes in secured lending solutions across the Asia-Pacific region. The firm is recognized for its ability to deliver exceptional risk-adjusted returns and operates independently despite AMG's investment. This partnership marks AMG's second affiliation in the region, aimed at capitalizing on significant market opportunities.
Affiliated Managers Group (NYSE: AMG) will release its Q1 financial results on May 3, 2021, at 8:30 a.m. Eastern Time. The results will cover the period ending March 31, 2021. Senior executives, including Jay C. Horgen and Thomas M. Wojcik, will discuss the outcomes and provide insights into future expectations during a conference call. Interested parties are invited to join via phone or access the replay and presentation on AMG’s website.
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.
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