Sean Healey Affiliated Managers Group President and CEO

For fundsters interested in Affliated Managers Group, an article by Institutional Investor's Julie Segal is worth a look.

AMG, whose affiliates include Tweedy Browne, Third Avenue and Aston Asset Management, sets itself apart from other rollups by buying a majority interest in firms and letting key executives keep the remaining stake and retain management control.

Don't expect ETFs to become part of the AMG picture.

"Passive investments and exchange-traded funds won’t figure in AMG’s future," Segal writes. "Healey says no to ETFs, even though the vehicles have been the fastest-growing asset management product of the past few years, because they are still largely index products and he doesn’t think that AMG can add value there." 

Edited by: Armie Margaret Lee


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