Mutual funds now account for 39 percent of Affiliated Managers Group's revenue and 31 percent of its EBITDA (earnings before interest, taxes, depreciation and amortization). The Boston-based asset manager acquirer revealed those numbers this morning in its first quarter earnings report.

AMG's diluted earnings per share more than doubled, from $0.15 in Q1 2009 to $0.38 in Q1 2010, falling slightly short of analysts' estimates of $0.41, Reuters reports. Yet AMG's non-diluted EPS of $1.14 met analysts' expectations.

AMG's mutual funds brought in $344 million in net inflows in Q1 2010, boosting its mutual fund AUM on March 31 to $60.511 billion. 

Edited by: Neil Anderson, Managing Editor


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