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 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.
Affiliated Managers Group reported a second-quarter EPS of $0.65, with an economic EPS of $2.74 for Q2 2020. The company achieved a net income of $31 million but faced negative net client cash flows of $18.2 billion. AMG issued a $350 million senior bond to enhance financial flexibility and entered a partnership with Inclusive Capital Partners. During this period, $50 million in common stock was repurchased. AMG continues to focus on growth, despite performance headwinds in certain strategies.
Affiliated Managers Group (NYSE: AMG) is set to release its second-quarter financial results for the period ending June 30, 2020, on July 27, 2020. A conference call at 8:30 a.m. ET will feature discussions by President Jay C. Horgen and CFO Thomas M. Wojcik regarding the company's performance and outlook. Interested parties can join by dialing 1-877-407-8291 (U.S.) or 1-201-689-8345 (internationally). The call, including a replay option, will be accessible via AMG's website as well.
Affiliated Managers Group (NYSE: AMG) announces its minority equity partnership with Inclusive Capital Partners (In-Cap), focusing on responsible capitalism. This follows the successful generational transition at ValueAct Capital, with CEO Mason Morfit leading the firm. Jeff Ubben, founder of ValueAct, will manage the new partnership aiming for sustainable investments. AMG's strategy emphasizes long-term value through collaborations with independent investment managers, reporting $600 billion in assets under management as of March 31, 2020.
Affiliated Managers Group (NYSE: AMG) announces the passing of Sean M. Healey, its Executive Chairman and former CEO, who died after battling ALS. Healey was a founding principal at AMG, joining in 1995, and played a crucial role in transforming the company into a leading global asset manager, growing assets from $40 billion to over $600 billion. His leadership established significant partnerships and innovative strategies in investment management. The company honors his legacy and contributions, particularly in establishing the Healey Center for ALS, advancing research and treatment for ALS patients.
Affiliated Managers Group (NYSE: AMG) announces important leadership changes. Patrick T. Ryan has been appointed Co-Chairman of the Board, succeeding Sean M. Healey, who will transition to Executive Co-Chairman due to health concerns related to ALS. Ryan, a long-term independent Director and former Lead Independent Director, brings extensive leadership experience to the role. The transition reflects AMG's commitment to succession planning while ensuring continued governance excellence. As of March 31, 2020, AMG reported approximately $600 billion in assets under management.
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