Affiliated Managers Group

Affiliated Managers Group is a global asset management firm with equity investments in leading boutique investment management firms. Founded in December 1993 by William J. Nutt as a privately owned company with initial backing from TA Associates, its initial public offering on the New York Stock Exchange occurred in November 1997. Since 1997, AMG has grown to approximately $730 billion in assets under management with stakes in more than 35 money management firms including some of the best-known alternative investment financial management shops.When purchasing companies, AMG seldom buys 100% of a business. They typically allow the employees of the purchased company to retain a quarter to a half of the company, in an attempt to provide them with an incentive to maximize profit. On some occasions, AMG will only purchase a minority share in a company. AMG purchased a 5 percent share in Value Partners Group Ltd. in 2009. The company, a Chinese asset manager, was AMG's first investment in China.A substantial majority of Aston Asset Management, LP, was acquired by AMG on April 15, 2010.In the 1990s, AMG focused on purchasing midsize money management companies. In a shift of strategy in 1997, they purchased the large mutual fund company Tweedy, Browne for $300 million. In 2010, AMG purchased Pantheon Ventures. Pantheon, a British private equity company, was AMG's largest acquisition since 1993. The company sold for $775 million. That year, AMG also purchased Artemis Investment Management LLP for $400 million. In 2016, AMG made an investment in leading Asia-based private equity firm Baring Private Equity Asia.