Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:$3.29 Billion Flowed Out of AMG in Q4 Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 29, 2009

$3.29 Billion Flowed Out of AMG in Q4

by: Neil Anderson, Managing Editor

The market fall in the fourth quarter of 2008 didn't spare Affiliated Managers Group and its asset manager subsidiaries. On Wednesday the Boston-based serial acquirer confirmed that its assets under management fell $37 billion to $170.145 billion, thanks to $3.29 billion in net outflows and $39.465 billion in market decline. Meanwhile, president and CEO Sean M. Healey is hungry for more acquisitions.

"There continue to be a large number of outstanding boutique firms which are facing ongoing demographically-driven succession issues, as well as a range of opportunistic transactions, including those involving corporate sellers," Healey stated. "We are well positioned to continue to execute additional investments in new Affiliates."

The mutual offerings of AMG (which owns BlueMountain, First Quadrant, Friess Assocaites, Frontier, Genesis, Third Avenue, TimesSquare and Tweedy, Browne) saw $1.735 billion in client outflows and $9.671 billion in market-related declines last quarter, ending with $34.704 billion in mutual fund AUM on December 31. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use